Gold prices dipped on Thursday after hitting a near three-month high in the previous session, while market participants awaited further clarity on policies from U.S. President Donald Trump's administration.

The newly elected president has not provided any specific details about the universal tariffs or extra surcharges on key trade partners.

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

Gold prices edged higher on Monday, bolstered by a weaker U.S. dollar, as markets assessed the potential economic impact of U.S. President Donald Trump's second-term policies following his inauguration.

Gold held near the highest level since October, as traders considered the impact President Donald Trump’s latest tariff threats against China and the European Union could have on the global economy. Bullion was trading near $2,