Gold eased on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week highs.
Gold surged nearly 2 percent on Wednesday, its biggest one-day jump since Britain voted to exit the European Union in June, on reports that U.S. President Trump had tried to intervene in an investigation into alleged Russian interference in last year's U.S. election.
That prompted the sharpest drop in Wall Street stocks since Sept. 9, and knocked the dollar nearly 2 percent lower versus the Japanese yen.