Gold prices were steady on Thursday, after touching another record high earlier in the session, driven by the Federal Reserve's indication of likely interest rate cuts later this year and geopolitical and economic uncertainty fuelling safe-haven demand for the bullion, reports Reuters.
Spot gold held steady at $3,044.44 an ounce as of 0928 GMT, after hitting a record high of $3,057.21 earlier in the session.
US gold futures gained 0.3 per cent to $3,050.90.
A line chart titled "Spot gold price in USD per oz" that tracks the metric over time.
"The US dollar index is up, weighing on the prices of the precious metals," Quantitative Commodity Research analyst Peter Fertig said.
But with the support of ongoing geopolitical factors and strong central bank demand, gold could still see upward momentum, he added.
The US dollar was up 0.3 per cent, making bullion more expensive for foreign buyers.
Trump's tariffs are widely seen as inflationary and have prompted gold to notch 16 record highs so far this year, four of them above the $3,000 milestone.
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