Gold prices hit an over 11-week peak on Wednesday, not far from an all-time peak touched last year, boosted by safe haven demand stemming from uncertainty surrounding U.S. President Donald Trump's trade policies and a softer dollar.

Gold climbed to its highest intraday level since late October, with traders monitoring the outlook for the global economy as President Donald Trump continued to sketch out his views on trade and immigration policies.

Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump's policies and renewed bets of further rate cuts lifted bullion above the key $2,

Gold prices have climbed to an 11-week peak, with spot gold rising 0.3% to $2,751.89 per ounce, nearing the record high of $2,790.15 set in October last year. This increase is attributed to a weaker dollar and market uncertainties surrounding President Donald Trump's second-term policy plans,

Gold prices surged to over a two-month high on Tuesday as the U.S. dollar weakened, with the precious metal also supported by buying amid uncertainty surrounding Donald Trump's trade policies. Spot gold climbed 0.