Gold steadied near $5,090 an ounce after losing over 1% in the prior session, pressured by a stronger US dollar and ongoing Middle East conflict. A 0.4% dollar gain on Thursday and rising Treasury yields to multi-week highs, driven by traders trimming Fed rate cut expectations, typically weigh on bullion.

The war entered its seventh day, with Iran striking Bahrain's oil refinery and Israel bombing Tehran, while the US closed its Kuwait embassy. Spot gold rose 0.2% to $5,093.63 in Singapore trading, with silver also gaining 0.3%.