Gold prices climbed over 1% on Friday, closing in on its all-time-high hit in October, as a weakening dollar on U.S. President Donald Trump's push for lower rates and tariff uncertainty drove the metal towards its fourth straight weekly rise.

Gold prices rose nearly 1% on Friday, lingering near record high levels scaled in October, steered by U.S. President Donald Trump's calls to lower interest rates and uncertainty surrounding his trade policies.

Gold futures gained for the fourth consecutive week, as a weaker dollar and uncertainty surrounding President Trump's tariff plans have driven the metal's appeal as a safe-haven asset. Trump told Fox News in an interview that he would "rather not have to use" tariffs against China,

Gold rose close to a record high after US President Donald Trump signaled a less aggressive approach to China, weakening the dollar.

Gold eased on Thursday as the dollar ticked up and prices consolidated after hitting an over three-month-high in the prior session, while focus remained on U.S. President Donald Trump's policies.