Gold was steady as traders monitored a raft of developments in the Middle East conflict for clues on the energy price impact on inflation. Bullion continued to trade in a narrow range around US$4,000 an ounce after ending the previous session down 0.2 per cent. Oil was little changed after two days of gains, even after US forces launched a fresh round of strikes on Iranian targets and US President Donald Trump vowed Teheran “will pay” for killing three US soldiers in recent days. Yemen’s Iran-backed Houthi rebel group has entered the fray, vowing to impose a maritime blockade on Saudi Arabia, prompting a military ... (full story)