Gold eased on Thursday as the dollar ticked up and prices consolidated after hitting an over three-month-high in the prior session, while focus remained on U.S. President Donald Trump's policies.

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, one of the few commodities that could benefit from potential tit-for-tat tariffs between the U.S. and its trading partners, climbed to its highest in nearly three months on Tuesday, supported by a weaker dollar and the lack of clarity around President Trump's potential tariffs.