India, July 7 -- Partially offsetting the gains from yesterday's session, gold prices have edged lower on Tuesday as crude oil prices surged due to renewed Middle East tensions, and thereby, sparking inflationary concerns, while the U.S. dollar firmed amid reducing expectations of a near-term U.S. Federal Reserve rate hike.
Front Month Comex Gold for August month delivery has dipped by $13.60 (or 0.33%) to $4,153.90 per troy ounce.
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