India, June 10 -- Gold prices plummeted below $4,200 an ounce on Wednesday as investors weighed rising U.S.-Iran tensions and awaited key U.S. inflation reading for fresh insights into market expectations for future interest rates in the face of rising energy-driven inflation risks.
Spot gold tumbled nearly 2 percent to $4,173.99 an ounce due to shifting interest rate expectations globally. U.S. gold futures were down 2.2 percent at $4,192.09.
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