India, July 31 -- Gold prices surged above $3,300 per ounce on Thursday despite the dollar extending its bullish run.
Spot gold jumped nearly 1 percent to $3,306.50 per ounce in European trade, while U.S. gold futures were up 0.2 percent at $3,359.17.
Gold prices bounced back from a one-month low hit in the previous session as fresh tariffs announced by U.S. President Donald Trump reignited concerns over global trade.
Trump has hit out at New Delhi and its trading partner Moscow, hours after announcing 25 percent tariffs on Indian imports.
India would face an unspecified 'penalty' over purchases of Russian weapons and energy as well, Trump said, adding he does not care about India's trade dealings with Russia and that the two "can take ...