Gold (XAU/USD) trims a part of its Asian session losses on Friday and currently trades just above the $4,000 psychological mark, still down around 0.40% for the day. As investors look past key US inflation data, concerns about the fragile US-Iran peace agreement benefit the safe-haven US Dollar (USD). Adding to this, expectations that the US Federal Reserve (Fed) will hike interest rates this year help the USD to stall Thursday's pullback from its highest level since May 2025 and undermine demand for the non-yielding bullion.