Gold fell again after its biggest intraday loss in almost two years, with subsiding geopolitical risks in the Middle East crimping haven demand and investors monitoring signals the Federal Reserve won’t soon cut rates. Concerns about escalating conflict between Israel and Iran faded on Monday as Tehran played down the impact and significance of Tel Aviv’s recent strike, saying that Israel has received the “necessary response at this stage.” Traders are now focusing on US economic data due this week, including the Fed’s preferred measure of inflation, which will give more clues on the path for monetary policy. ... (full story)