Bullion fell as much as 1.2% before paring some losses during US hours. US and Iran tensions grew over the Strait of Hormuz with both sides maintaining their blockades of the critical waterway, creating an uneasy standoff with no new peace talks on the horizon. Brent extended its advance above $100 a barrel, its fourth consecutive gain. Treasury yields and the dollar climbed to seesion highs. Higher energy prices since the war began in late February have stoked concerns about persistently high price pressures, something that may prompt the Federal Reserve and its peers to keep interest rates elevated for longer or ... (full story)