<div id="readability-page-1"><div> <p>(RTTNews) - 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.</p> <p>Gold for June delivery has jumped $68 or 1.5 percent to $4,629.50 an ounce after plunging $179.41 or 3.8 percent over the first three days of the week.</p> <p>With the sharp increase on the day, the price of gold has bounced well off the nearly one-month closing low set on Wednesday.</p> <p>The rebound by the price of gold comes amid a significant pullback by the price of crude oil, with Brent crude oil futures tumbling by more than 2.6 percent after skyrocketing over the past several sessions.</p> <p>Brent crude oil futures surged to a four-year high of $126 a barrel before giving back ground, with the pullback likely reflecting profit taking as it comes amid ongoing concerns about the Middle East conflict.</p> <p>The U.S. and Iran remain at a stalemate in negotiations over ending the war, with President Donald Trump suggesting the blockade of Iranian ports will remain in place until the countries reach a nuclear deal.</p> <p>Gold has also benefitted from weakness in the value of the U.S. dollar, with the U.S. dollar index slumping by 0.8 percent. </p> <p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p> </div></div>

<p>Gold prices have rebounded, rising $68 (1.5%) to $4,629.50 an ounce after a significant drop earlier in the week. This increase follows a sharp pullback in crude oil prices, with Brent crude futures falling over 2.6% after reaching a four-year high of $126 a barrel. The decline in oil prices is attributed to profit-taking amid ongoing Middle East tensions. Additionally, gold has gained from a 0.8% drop in the U.S. dollar index.</p>

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Gold Regains Ground Amid Sharp Pullback By Crude Oil