India, May 8 -- Following the pullback seen in the previous session, the price of gold showed an even more substantial move to the downside during trading on Thursday.
Gold for May delivery plunged $84.80 or 2.5 percent to $3,296.60 an ounce after slumping $30 or 0.9 percent to $3,381.40 an ounce during Wednesday's session.
The steep drop by gold futures came as news of trade deal between the U.S. and the U.K. reduced the precious metal's safe haven appeal.
President Donald Trump unveiled the framework of the trade agreement with the U.K. but noted the final details of the deal are still "being written up."
Trump claimed the deal includes billions of dollars of increased market access for American exports, especially in agriculture, and...