Gold prices jumped to an over two-month peak on Tuesday, supported by a weaker dollar and as markets flocked to the safe-haven asset amid uncertainty surrounding U.S. President Donald Trump's potential tariffs.

Gold prices surged to an 11-week peak on January 22, 2025, as safe-haven demand gained momentum amid uncertainty over U.S. President Donald Trump’s aggressive trade policies. A softer dollar further bolstered the metal’s appeal,

Gold rates were up in the domestic futures market in the morning session on Wednesday, January 22, on a softer dollar and uncertainty surrounding US President Donald Trump's policy decisions.

Gold prices firmed on Monday, supported by a weak U.S. dollar, as markets awaited Donald Trump's return to the White House and his inauguration speech later in the day for hints on the impact of his upcoming policies on the economy and rate-cut outlook.

Gold climbed to its highest intraday level since early November, 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 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.