India, June 15 -- Extending Friday's surge, gold prices have soared on Monday following a slump in crude oil prices after the U.S. and Iran announced a deal to end the gulf war and reopen the Strait of Hormuz. The official signing is set to take place on Friday in Switzerland.
Front Month Comex Gold for August month delivery has soared by $113.10 (or 2.67%) to $4,351.90 per troy ounce.
Front Month Comex Silver for August month delivery has surged by $2.221 (or 3.25%) to $70.461 per troy ounce.
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