Gold prices retreat from three-week highs, gold mining stocks fall across the board in pre-market trading

⑴ Spot gold fell 0.8% to $4,698.48 per ounce after previously reaching its highest level since April 21. The retreat in gold prices occurred as hopes for a U.S.-Iran agreement boosted the U.S. dollar and oil prices, while market expectations for the Federal Reserve interest rate outlook became uncertain ahead of the release of key inflation data. ⑵ In U.S. pre-market trading, major miner Newmont fell 0.9%, Barrick Gold dropped 1.9%, and among South African miners, Gold Fields, AngloGold Ashanti, and Harmony Gold posted declines between 1.3% and 3.7%. Canadian miner Agnico Eagle Mines slid 1.5%, and Kinross Gold lost 1.4%.