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.

Gold held near the highest level since October, as traders consider the impact President Donald Trump’s latest tariff threats against China and the European Union could have on the global economy.

Gold, one of the few commodities that could benefit from potential tit-for-tat tariffs between the U.S. and its trading partners, climbed to its highest in nearly three months on Tuesday, supported by a weaker dollar and the lack of clarity around President Trump's potential tariffs.

Gold prices were little changed on Thursday, as market participants awaited further clarity on policies from U.S. President Donald Trump's administration. Spot gold eased 0.1% to $2,753.14 per ounce by 0852 GMT,