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.

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

Spot gold prices rose today, Jan. 21, despite the negative performance in futures contracts, amid a weakening US dollar as investors scurried for safe

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.