India, Nov. 3 -- Gold prices fell toward $3,900 an ounce on Tuesday after the United States reportedly struck Iran's strategic Qeshm Island in the Strait of Hormuz, the latest in a series of limited strikes on the country in recent weeks.
Rate hike expectations and anxiety on the eve of the U.S. mid-term elections also kept bullion prices under pressure.
Spot gold fell about 1 percent to $3,908.42 an ounce while U.S. gold futures were down 1.3 percent at $3,917.57.
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