Gold price today: Near $4,600 as profit-taking cools the record run and Fed bets get tested
Gold fell 0.5% Friday to $4,592.29 an ounce after hitting a record $4,642.72 midweek, but still gained 1.9% for the week. A stronger dollar and easing Iran tensions cooled safe-haven demand. U.S. gold futures closed 0.6% lower at $4,595.40. Dealers in India reported heavy discounts as demand slumped.