Bullion rose more than 1 per cent to scale an all-time peak of $3,219.84 earlier in the session, and has gained around 5 per cent this week
Spot gold was down 0.3 per cent at $3,027.90 an ounce as of 0331 GMT, after dropping over 1 per cent earlier in the session to its lowest
Trump’s tariff policies could flare up inflation, slow economic growth and escalate trade disputes
Spot gold was little changed at $3,048.37 an ounce as of 0350 GMT, after hitting an all-time high of $3,055.96 earlier in the session
Bullion is on track for a second consecutive weekly increase, with a 2.5 per cent gain so far
Spot gold rose 0.3 per cent to $2,898.27 an ounce as of 0501 GMT, while US gold futures firmed 0.1 to $2,902.50
The dollar index wallowed near a four-month trough as the US exempted automakers from the 25 per cent tariffs on Canada and Mexico for a month
The US central bank held interest rates steady in its last meeting
The dollar index was set for a weekly gain of 0.7 per cent so far, making greenback-priced gold more expensive for foreign buyers
Bullion had scaled an all-time high of $2,954.69 on Thursday
Gold’s upside remains capped as first round of talks between the US and Russia over potential peace deal in Ukraine
The dollar index hovered near a two-month low as traders assessed recent weaker-than-expected US economic data
The market is slightly overbought, which can create some technical profit booking after nearing the $3,000 level
Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view
Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment