India, April 9 -- After a relatively modest rebound in the previous session, the price of gold showed a more substantial move to the upside during trading on Wednesday.
Gold for April delivery surged $88.10 or 3.0 percent to $3,056.50 an ounce, marking the largest one-day percentage gain since October 13, 2023.
The price of gold added to the $17.10 an ounce or 0.6 percent increase seen on Tuesday, continuing to regain ground after plunging by $188.60 or 6.0 percent over the three preceding sessions.
Gold was seemingly once again seen as a safe haven amid ongoing trade war concerns after President Donald Trump's new tariffs, including a 104 percent total levy on Chinese imports, took effect.
China retaliated by announcing it will increas...