India, June 23 -- Extending the losses from the four previous sessions, gold prices have tumbled on Tuesday as expectations of a near-term high-interest-rate regime gain strength, which pushed the U.S. dollar to the upside even though crude oil prices declined sharply due to resumption of shipping traffic across the Strait of Hormuz.
Front Month Comex Gold for August month delivery has slumped by $47.90 (or 1.14%) to $4,154.80 per troy ounce.
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