India, Feb. 6 -- Gold prices traded slightly lower on Thursday after hitting a record high of $2883 per ounce on Wednesday, helped by concerns about U.S. President Donald Trump's tariff threats, geopolitical risks and robust central bank purchases.
Spot gold dipped 0.3 percent to $2,858.95 per ounce in European trade while U.S. gold futures were down half a percent at $2,878.84.
Citi Research has upgraded its three-month price target for gold to $3,000 per ounce from $2,800 and hiked its 2025 average forecast to $2,900 per ounce from $2,800.
Bullion is seeing some profit taking today as the U.S. dollar bounced from recent lows ahead of the Bank of England's interest-rate decision later in the day.
Nevertheless, the dollar index is still...