(Bloomberg) -- Gold held a decline as conflicting signals on efforts to end the Iran war clouded the outlook for inflation and the Federal Reserve’s path for interest rates.Bullion was trading at around $4,115 an ounce, after falling more than 1% since the start of the week. Oil was steady after easing from a five-month high on Tuesday after a diplomat said reports that an agreement to end the conflict was close were inaccurate.Gold has fallen by about a fifth since the US-Iran conflict erupted in late February, pushing energy prices higher and fueling inflation concerns.