Gold prices fell 4% on Monday to its lowest level in more than seven weeks as rising oil prices fuelled inflation concerns and strengthened expectations of tighter monetary policy. A firmer dollar and higher Treasury yields added further pressure, according to a Reuters report.Spot gold was down 3.5% at $4,136.81 an ounce as of 1:30 p.m. ET (1730 GMT), after touching $4,110.55—its lowest level since August 5. US gold futures settled 3.5% lower at $4,168.40.“We’ve got crude oil prices sharply higher. And that suggests still more problematic price inflation, which suggests a tighter Federal Reserve monetary policy,” Jim Wyckoff, a market analyst at American Gold Exchange, told Reuters.Higher Treasury yields and the US dollar trading near multi-week highs were “creating a perfect storm to push the metals prices sharply lower,” Wyckoff said.The dollar held close to a two-month high, making greenback-denominated bullion more expensive for overseas buyers. Treasury yields extended their gain...