India, July 14 -- Gold futures have shown a strong move to the upside during trading on Tuesday, partly offsetting the nosedive seen in the previous session.
After plunging $1.08 or 2.6 percent to $4,005.70 an ounce on Monday, gold for August delivery has jumped $59.70 or 1.5 percent to $4,065.40 an ounce.
The rebound by gold prices came following the release of a closely watched Labor Department report showing consumer prices in the U.S. decreased by much more than expected in the month of June.
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