India, April 13 -- Gold prices have inched lower on Monday following fading expectations of rate cuts by the U.S. Federal Reserve in the near-term as the U.S. and Iran lock horns over controlling the Strait of Hormuz after peace talks failed.
Front Month Comex Gold for June month delivery has slid by $18.10 (or 0.38%) to $4,769.30 per troy ounce.
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