India, July 31 -- After two consecutive days of gains, gold prices have tumbled on Friday as crude oil prices soared with no end in sight to the U.S.-Iran conflict, leading to expectations of a high interest rate regime in the U.S. in the upcoming months. In addition, traders opted to book profits from the surge in gold prices from the two previous sessions.
Front Month Comex Gold for August month delivery has slumped by $52.10 (or 1.27%) to $4,048.00 per troy ounce.
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