India, April 10 -- Extending the rebound seen over the two previous sessions, the price of gold moved sharply higher over the course of the trading day on Thursday.
Gold for April delivery soared $98.70 or 3.2 percent to a new record closing high of $3,155.20 an ounce, marking its biggest one-day percentage gain since April 2020.
Following a three-day sell-off late last week and into Monday, gold once again seems to be seen as a safe haven amid ongoing trade tensions between the U.S. and China.
While President Donald Trump announced a 90-pause on new "reciprocal tariffs" on most countries, he excluded China from the pause and even announced he was raising the tariff on Chinese goods to 125 percent.
The U.S. and China have been engaged i...