Gold prices surge to near three-month highs amid dollar weakness

Gold prices soared to near three-month highs on Friday and were on track for a fourth straight weekly gain as uncertainty about U.S. President Donald Trump's trade plans took the wind out of the dollar's sail, boosting demand for safe-haven bullion. Spot gold jumped 0.8% to $2,774.49 per ounce as of 0255 GMT and has gained more than 2% so far this week. Earlier in the day, prices rose to $2,777.10, the highest since Oct. 31, when they hit a record $2,790.15.

U.S. gold futures climbed 0.6% to $2,781.80. The dollar is down more than 1% on the week, headed for its worst weekly fall in two months, making bullion less expensive for foreign buyers.