Gold fell as investors weighed the Federal Reserve’s interest-rate path after US data this week showed a war-driven surge in inflation. Bullion fell as much as 1% to trade below $4,650 an ounce on Thursday, reversing earlier gains of as much as 0.6%. The precious metal has traded in a tight range since falling sharply in the early days of the Iran war as investors assess inflation risks that could keep rates higher and growth concerns that could prompt monetary easing as the conflict drags on. Lower rates benefit bullion, which doesn’t carry interest. The market is trying to decipher the likelihood of a potential end ... (full story)