Gold futures slipped below the $5,000 per ounce mark in electronic trade on Friday, with prices set to close the week with modest gains following last week's extreme volatility, which saw swings of nearly $1,000. The precious metal faced headwinds from profit-taking after recent record highs, alongside renewed strength in the US dollar. The dollar found support after President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chair, with markets viewing Warsh as favoring a smaller balance sheet and a more measured approach to policy easing. Geopolitical sentiment also remained cautious, as the White House signaled a preference for diplomacy with Iran. On the domestic front, MCX April gold futures recovered from intraday lows and traded marginally higher after touching Rs 149,396 per 10 grams.
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