India, April 11 -- After moving sharply higher over the past few sessions, the price of gold showed another strong move to the upside during trading on Friday.
Gold for April delivery shot up $67 or 2.1 percent to $3,222.20 an ounce, closing higher for the fourth straight session. The price of gold has more than offset the nosedive seen late last week and into Monday, reaching new record highs.
With the recent surge, the price of gold soared $210.20 or 7.0 percent for the week, marking the biggest one-week percentage gain since March 2020.
The extended spike by gold futures came amid continued weakness in the value of the U.S. dollar, with the U.S. dollar index falling by 0.6 percent to 100.23 after plunging by 2.0 percent on Thursday.
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