Gold edged lower, reversing an earlier advance, as the world waited for Iran’s response after the US joined Israel in attacking the Islamic Republic over the weekend. Bullion traded near $3,360 an ounce after being up as much as 0.8% earlier. The US’s assault on Iran’s three main nuclear facilities buoyed the dollar, while oil jumped sharply on fears that Tehran could attack Middle Eastern energy infrastructure or shipping in the Strait of Hormuz. The hostilities in the Middle East have given fresh impetus to a rally that’s pushed gold up almost 30% so far this year. While the chances of an expanding conflict are, ... (full story)