India, April 8 -- Following the nosedive seen over the past three sessions, the price of gold regained some ground during trading on Tuesday but closed well off its best levels of the day.
Gold for April delivery climbed $17.10 or 0.6 percent to $2,968.40 after surging as much as 2.1 percent to a high of $3,014.50 an ounce.
The price of gold moved sharply higher early in the day amid a broad based rebound by financial markets around the world amid optimism about negotiations on President Donald Trump's new tariffs.
Treasury Secretary Scott Bessent said approximately 70 countries have approached the White House about trade talks, with Japan purportedly getting priority status.
"I think you are going to see some very large countries with ...