Gold retreats on strong dollar, tempered rate-cut bets
March 3 (Reuters) – Gold prices drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation concerns intensified amid fears of a potentially prolonged Middle East conflict. Spot gold was down 3.6% at $5,137.00 an ounce as of 1907 GMT. Prices hit an over four-week high in the…