Fed tightening bets weigh on gold prices

Gold prices fell on Monday as a rise in oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve interest rate hikes.FUNDAMENTALS* Spot gold TVC:GOLD was down 0.7% at $4,254.77 per ounce, as of 0010 GMT. US gold futures TVC:GOLD drifted 0.7% lower to $4,289.70…