Gold prices touched near three-month highs on Friday and were set to post a fourth straight weekly gain, buoyed by uncertainty about U.S. President Donald Trump's tariff plans and his calls to lower interest rates weighing on the dollar.

Investors turned more bullish on gold as President Trump was signing the various Executive Orders that would begin enacting his aggressive policies. As a result, the SPDR Gold Shares ran through the top of its range at $250, initiating what is referred to as a “Volatility Rally”.

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 climbed near three-month highs on Friday, January 24, buoyed by a weaker dollar and uncertainty over US President Donald Trump’s trade and monetary policies. Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.

Gold prices eased on Thursday from a near three-month peak hit in the previous session, as the dollar regained strength, while investors awaited further direction from U.S. President Donald Trump's administration regarding trade policies.