Gold edged lower as traders weighed a standoff between the US and Iran that’s dashed expectations for rate cuts from central banks across the world. Bullion fell as much as 1.2%, after adding 1.5% in the previous session. US President Donald Trump vowed to maintain a naval blockade on Iran and was briefed by commanders on further military options, according to a report. Iran said the blockade would have to end for the Strait of Hormuz to be reopened. The energy-supply shock caused by the nine-week conflict has added to inflation risks, raising the likelihood that central banks will keep…
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