Gold Slumps As Inflation Concerns Return Due To Continuing U.S.-Iran Standoff

India, Nov. 6 -- Gold prices have moved sharply lower on Friday, partly erasing two sessions of gains, as concerns of inflation returned to markets as U.S. moves on Iran remain unpredictable along with strengthening U.S. dollar after nonfarm payrolls data showed stronger-than-expected job growth.

Front Month Comex Gold for December delivery has turned lower by $39.80 (or 0.97%) to $4,073.70 per troy ounce.

Front Month Comex Silver for December delivery has edged lower by $0.471 (or 0.90%) to $51.905 per troy ounce.

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Published by HT Digital Content Services with permission from RTT News....