India, June 16 -- Gold prices fell slightly on Monday after three consecutive sessions of gains.
Spot gold dipped 0.4 percent to $3,417.80 per ounce in early European trade, after having hit its highest level in nearly two months on signs of escalating tensions between Israel and Iran. U.S. gold futures were down half a percent at $3,437.
As Iran and Israel entered into the fourth day of the conflict, both countries pounded each other with missiles and threatened further attacks, stoking fears that the conflict could widen and significantly disrupt oil exports from the Middle East.
Early Monday, Israeli forces targeted a series of surface-to-surface missile sites in western and central Iran.
Iranian strikes on Tel Aviv, Haifa, and Petah...