GLD is trading at $356.10, down 3.38%, as stronger U.S. growth and persistent inflation reinforced expectations of a possible Federal Reserve rate hike and weighed on non-yielding bullion. - In Monday’s Asian trading, gold partially rebounded as lower oil prices eased inflation concerns and dip buyers stepped in, though rate-hike expectations remained a headwind. - Overnight spot gold’s modest rebound suggests the sharp pre-market decline may chiefly reflect Friday’s drop.