India, May 16 -- Extending the see-saw movement seen over the past few sessions, gold stocks moved back to the downside on Friday following yesterday's rebound.
After jumping $39.30 or 1.2 percent to $3,220.70 an ounce during Thursday's session, gold for May delivery tumbled $38.70 or 1.2 percent to $3,182 an ounce.
With the pullback on the day, the price of gold plunged by 4.6 percent for the week due in large part to the steep drop on Monday.
The nosedive on Monday came on the news of a U.S.-China trade deal temporarily slashing steep tariffs on each other's goods, and easing trade concerns have continued to weigh on the precious metal.
The U.S.-China deal along with some relief of geopolitical tensions has led to some strength in the...