Gold steadies around $4,700 during the Asian session on Friday, above a nearly two-week low set the previous day, though the upside potential seems limited. The US Dollar pauses after a three-day rally, offering some support to the bullion. However, the US-Iran standoff, elevated Oil prices, renewed inflationary concerns, and less dovish Fed expectations act as a tailwind for the USD. This, in turn, might keep a lid on the yellow metal, which remains on track to register losses for the first time in five weeks.