Gold ‌prices fell on Friday, and were

poised for a ​weekly loss, as tensions in West Asia

dampened hopes for a US-Iran peace deal amid rising inflation

and interest rate-hike fears.Spot gold was down 0.5 per cent at $4,452.20 per ‌ounce, as of

0225 GMT. It has fallen about 1.8 per cent for the week so far.US gold ‌futures for August delivery fell 0.6 per cent to