India, Oct. 30 -- Extending the downward move seen over the two previous sessions, gold prices went into freefall on Friday as rising crude oil prices due to the stalemate in the U.S.-Iran peace process increased inflation worries and reinforced concerns of rate hikes in the U.S. as well as other countries.
Front Month Comex Gold for December delivery has experienced a tailspin by $131.30 (or 3.26%) to $3,900.10 per troy ounce.
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