Gold prices pared some gains on Thursday after hitting another record high, but remained supported by a weaker dollar on concerns about the economy and U.S. tariffs.
Spot gold rose 0.1% to $2,937.13 an ounce, but had hit a record high of $2,954.89 an ounce earlier in the session.
Gold futures expiring in April rose 0.5% to $2,951.10 an ounce.
Concerns over Trump's trade policies hit risk-driven markets on Thursday, boosting demand for safe-haven assets such as bullion and the yen. Uncertainty over U.S. policy has been a major driver of gold's recent gains.
Other precious metals also rose, but have seen some declines this week. Platinum futures rose 1% to $995.65 an ounce, while silver futures rose 0.9% to $33.347 an ounce.
Among industrial metals, copper prices rose as top importer China kept its benchmark lending rate at a record low. Benchmark copper futures on the London Metal Exchange rose 1.1% to $9,551.00 a tonne, while March copper futures rose 0.9% to $4.6052 a pound. (Newsmaker23)
Source: Investing.com
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