India, June 3 -- Gold prices have slumped on Wednesday, reversing the gains from yesterday's session following reports of fresh military strikes in the Middle East that triggered concerns of renewed escalation. In addition, stronger private jobs data pushed the U.S. dollar value higher and weighed on gold prices.
Front Month Comex Gold for August month delivery has tumbled by $50.10 (or 1.11%) to $4,469.80 per troy ounce.
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