Gold prices fell on Thursday, following a previous session that approached a three-month maximum amid the strengthening dollar and anticipation of new signals regarding the trading policy of the administration of U.S. President Donald Trump.
The spot gold price decreased by 0.1 percent to $2751.99 per ounce, after reaching an average rate of $2763.43, the highest level since October 31, when the price had risen to record $2790.15.
Futures for gold in the U.S. dropped by 0.4 percent to $2760.20.
"Trump proposed to introduce tariffs of 25 percent on goods from Mexico and Canada, and 10 percent on all other goods," reported Ron Shmukler, the chief strategist for market activities.
