Gold held near a record-high, even as as investors weighed a shift in messaging from Federal Reserve chief Jerome Powell, who said the US central bank will likely keep rates on hold for longer than originally planned. The precious metal is up about 15% so far this year, with gains partially driven by haven demand as geopolitical tensions in the Middle East and Ukraine continue to escalate. It closed little changed on Tuesday after Powell said that it’s appropriate to give the Fed’s restrictive policy further time to work, and pointed to the lack of additional progress made on inflation in recent months following ... (full story)