India, April 17 -- After skyrocketing in the previous session, the price of gold showed a moderate move back to the downside during trading on Thursday.
Gold for April delivery dipped $7.90 or 0.5 percent to $3,308.70 an ounce after soaring $107.90 or 3.4 percent to a $3,326.60 an ounce during Wednesday's session.
The pullback by the price of gold may have reflected profit taking after the precious metal spiked to new record highs on Wednesday.
An uptick by the value of the U.S. also weighed on gold, as the U.S. dollar index has risen by 0.2 percent after slumping to its lowest levels in three years in the previous session.
Gold also moved lower as President Donald Trump made upbeat comments about trade talks, saying in a post on Truth ...