Gold edged lower as efforts to resume peace talks between the US and Iran remained at an impasse, two months into a war that’s upended global markets and raised inflation risks. Bullion slipped below $4,700 an ounce on Monday, after Axios reported that Iran had given the US a new proposal to reopen the Strait of Hormuz while postponing negotiations on its nuclear program. Over the weekend, US President Donald Trump canceled a planned trip by his top envoys to Pakistan, while Tehran said it won’t negotiate as long as it’s being threatened. “Unless we see a more durable reopening or a credible path toward a peace deal, ... (full story)