Gold falls to lowest in over three weeks on rate-hike fears
Gold dropped to its lowest in more than three weeks as rising Middle East tensions lifted oil prices, stoking inflation and rate-hike fears. Spot gold was down 0.6% at $4,304.01/oz by 0017.
By Ashitha ShivaprasadGold fell on Wednesday to its lowest in more than three weeks, as the escalating Middle East conflict lifted oil prices and stoked inflation and rate-hike fears, while investors focused on upcoming U.S. jobs data.Spot gold TVC:GOLD was down 0.6% at $4,304.01 per ounce by 0017…