Gold Holds Decline as Hormuz Quagmire Keeps Inflation Fear High


Bullion was trading around $4,550 an ounce, after retreating almost 4% last week. The US and Iran remained far apart on a deal to end weeks of war and reopen the Strait of Hormuz, a vital waterway for energy flows that remains effectively closed. Oil climbed on Monday, raising the odds of a rate hike that would weigh on non-yielding bullion. 



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