Gold drops 3% to over one-year low as fading Middle East peace hopes fan inflation fears

By Vedika ThoratGold prices slid 3% on Thursday, extending losses for a third straight session to hit a more-than-one-year low, as oil prices climbed on fading hopes for peace in the Middle East that spurred fears of higher inflation and elevated interest rates.Spot gold TVC:GOLD dipped 3.0% to $3…