Gold drops more than 2% on US rate-hike bets

By Ashitha ShivaprasadGold prices fell more than 2% on Monday as a rise in oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve interest-rate hikes.Spot gold TVC:GOLD was down 2.1% at $4,198.10 per ounce, as of 0357 GMT, on track for its biggest daily decl…