Gold eased on Monday as a lack ​of diplomatic progress to end ​the Iran war ​kept oil prices and inflation concerns high, with focus turning to key central bank meetings this week for updates on the economic fallout of the conflict. Spot gold was ⁠down 0.2% at $4,698.27 per ounce. U.S. gold futures for June delivery were down 0.4% to $4,722.60. “Geopolitical tensions are still running, not high, but they’re still there. With inflation expectations running high, on extended oil prices, high levels of price volatility have probably frightened off some of the Western investors,” said independent analyst Ross Norman. ... (full story)