Gold rises but strong Fed hike bets keep it near seven week-low

By Anjana AnilGold prices rose 1% on Tuesday but expectations of tighter monetary policy by the Federal Reserve driven by rising concerns of inflation kept bullion near a more-than-seven-week low hit in the previous session.Spot gold TVC:GOLD was up 1.1% at $4,157.39 per ounce as of 9:30 a.m. ET (1…