India, April 25 -- On the heels of the notable rebound seen in the previous session, gold futures showed a significant move back to the downside during trading on Friday.
Gold for April delivery tumbled $49.60 or 1.5 percent to $3.282.40 an ounce after surging $55.70 or 1.7 percent to $3,332 an ounce during Thursday's session.
With the sharp pullback on the day, the price of the precious metal slid $26.30 or 0.8 percent for the week, snapping a two-year week winning streak.
Gold futures gave back ground amid signs of easing trade tensions between the U.S. and China, with President Donald Trump refuting China's claims that the two countries have not held any trade negotiations.
"They had a meeting this morning," Trump told reporters on T...