India, June 11 -- Extending the losses from yesterday's session, gold prices have moved lower on Thursday as the U.S. prepares to hit Iran hard, raising concerns of an expansive war in the Middle East for an extended period. Due to escalation concerns, the U.S. Dollar Index advanced close to a two-month high.
Front Month Comex Gold for August month delivery has declined by $34.80 (or 0.84%) to $4,098.50 per troy ounce.
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