India, Sept. 14 -- Gold prices have slumped on Monday, more than offsetting the incremental gains from Friday's session as forecasts for a higher interest rate in the U.S. increased following recent inflation data.
In addition, rising supply disruption concerns after Saudi Arabia announced closing its vital transport pipeline which led to a surge in crude oil prices weighed on the yellow metal.
Front Month Comex Gold for October delivery has tumbled by $58.30 (or 1.33%) to $4,316.50 per troy ounce.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....