Gold Retreats as Middle East Tensions and Rate Expectations Pressure Prices
Gold prices slipped in Asian trade as fading prospects for a U.S.-Iran peace accord lifted expectations for higher inflation and interest rates, bolstering the dollar. Spot gold and futures each fell about 0.8% as the market awaited U.S. nonfarm payrolls for May for further direction on the Federal Reserve's rate path. Other precious metals also de…