Gold prices recovered earlier losses on Friday, ticking higher as crude oil benchmarks retreated from recent peaks.
The cross-asset shift reflects a temporary easing of immediate supply disruption fears in the Middle East, allowing investors to recalibrate their exposure to energy-driven inflation risks.
The pullback in oil prices reduced the urgency of hedging against a sharp spike in consumer costs, which had previously weighed on the yellow metal.
With energy markets showing signs of stabilization, the inflationary pressure narrative that had driven gold lower in recent sessions lost some of its momentum.
Traders are now balancing the safe-haven appeal of gold against the reduced threat of an immediate energy shock.
This development follows a volatile week for commodities, where oil prices had advanced sharply on Thursday amid escalating conflict in the Middle East.