India, May 4 -- Reversing the gains from Friday's session, gold prices have slumped on Monday as inflation concerns resurface while a fresh standoff arose between the U.S. and Iran in the ongoing Strait of Hormuz crisis.
Front Month Comex Gold for June month delivery has slumped by $112.20 (or 2.42%) to $4,532.30 per troy ounce.
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