India, June 24 -- Extending the previous five sessions of losses, gold prices have tumbled on Wednesday as U.S. dollar strengthens due to persisting concerns of a near-term high U.S. interest rates while investors monitored the developments in U.S.-Iran negotiations and decline in crude oil prices with cautious optimism.
Front Month Comex Gold for August month delivery has slumped by $134.20 (or 3.23%) to $4,015.20 per troy ounce.
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