Mumbai, April 13 -- Gold prices retreated below the $4650 per ounce mark in electronic trading on Monday, as safe-haven demand weakened despite escalating geopolitical tensions. The decline follows renewed concerns over a potential energy crisis after Donald Trump announced a blockade of the Strait of Hormuz, triggered by failed negotiations with Iran. While such developments typically support bullion, markets instead witnessed profit-taking after gold's recent rally toward three-week highs near $4800. Investor sentiment has turned cautious, with lingering doubts over the durability of any de-escalation efforts in the Middle East. Ongoing regional tensions and incomplete ceasefire coverage have limited fresh safe-haven inflows, prompting tr...