India, May 29 -- After moving lower over the two previous sessions, the price of gold moved back to the upside during trading on Thursday.
Gold for June delivery climbed $22.20 or 0.6 percent to $3,317.10 an ounce after slumping $70.90 or 2.1 percent over the first two trading days of the week.
The rebound by the price of the precious metal came amid a decrease in the value of the U.S. dollar, with the U.S. dollar index falling by 0.6 percent.
Gold futures also moved higher as traders reacted to news that a federal court blocked U.S. President Donald Trump's "reciprocal tariffs" on imports from U.S. trade partners from going into effect.
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