old rose ​on Tuesday, but remained on track for its steepest monthly decline since October 2008, as persistent inflation worries and expectations of higher interest rates due to the impact of the Iran war weighed on the non-yielding metal. Spot gold was up 3.2% to $4,652.31 per ounce by 1:31 p.m. EDT (1731 GMT), highest level since March ​20. U.S. gold futures settled 2.7% higher at $4,678.60. The U.S. dollar slipped, but remained on course ​for a monthly gain. A stronger dollar makes greenback‑priced bullion more expensive ⁠for holders of other currencies. "The current rally in gold is encouraging and is because ... (full story)