Gold hits 11-week high on Trump policy uncertainty

Gold prices rose to an 11-week high on Wednesday, supported by a weaker dollar and increased safe-haven demand due to uncertainty over U.S. President Donald Trump’s trade policies.

Spot gold rose 0.1 percent to $2,748.58 an ounce, after hitting its highest since Nov. 5 earlier in the session. U.S. gold futures rose 0.1 percent to $2,763.40.

In other precious metals, spot silver was steady at $30.85 an ounce, palladium rose 0.1 percent to $958.11 and platinum was steady at $944.05.