India, Sept. 1 -- Gold prices tumbled on Tuesday as rising oil prices and bond yields stoked worries about inflation and interest-rate hikes.
Spot gold slumped 1.8 percent to $4,367.44 an ounce after climbing nearly 10 percent during August. U.S. gold futures were down 1.4 percent at $4,419.84.
The U.S. dollar index regained positive traction as a global bond rout deepened, driving sovereign borrowing costs across Europe.
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