Mumbai, May 4 -- Gold prices slipped below $4,600 per ounce, falling over 1% in electronic trading as the metal gave back recent gains despite ongoing geopolitical tensions in the Middle East, where incidents in the Strait of Hormuz and uncertainty surrounding negotiations between the United States and Iran kept market sentiment fragile; however, the downside pressure was largely driven by a hawkish tone from major central banks, with the Federal Reserve maintaining its cautious stance on inflation alongside similar signals from global peers, reducing the appeal of non-yielding assets like gold as higher interest rates push investors toward yield-bearing instruments, while volatility in oil markets and inflation concerns continue to create ...