India, Oct. 15 -- After moving notably lower over the past few sessions, the price of gold has shown a strong move back to the upside during trading on Thursday.
Gold for December delivery has jumped $69.40 or 1.7 percent to $4,177.30 an ounce after tumbling by 2.5 percent over the past three trading days.
The price of gold has benefitted from weakness in the value of the U.S. dollar, with the U.S. dollar index falling by 0.5 percent on the day.
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