India, April 24 -- Gold futures showed a strong move back to the upside during trading on Thursday, regaining ground following the nosedive seen during yesterday's session.
After plummeting $124.50 or 3.7 percent to $3,276.30 an ounce on Wednesday, gold for April delivery surged $55.70 or 1.7 percent to $3,332 an ounce.
The rebound by the price of gold may partly have reflected bargain hunting following yesterday's slump, although the precious metal remains well off the record intraday high set early on Tuesday.
Gold also benefitted from a pullback by the value of the U.S. dollar, with the U.S. dollar index falling 0.4 percent following the rebound seen over the two previous days.
Ongoing trade uncertainty may also have increased the sa...