India, June 29 -- Gold prices have slumped on Monday, partially offsetting two sessions of gains as threats to progress in U.S.-Iran peace talks following mutual weekend attacks rekindled concerns of oil-linked inflation and increased expectations of a U.S. Federal Reserve rate hike.
Front Month Comex Gold for August month delivery has tumbled by $56.50 (or 1.38%) to $4,039.80 per troy ounce.
Front Month Comex Silver for August month delivery has also slumped by $1.049 (or 1.76%) to $58.415 per troy ounce.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....