Safe-haven gold slips as trade: Gold (XAU/USD) prices fell for a second straight session on Thursday, as signs of easing global trade tensions dampened demand for safe-haven assets.
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Gold price (XAU/USD) retreats from its highest level since June 16, around the $3,439 region touched during the Asian session on Wednesday, and for now, seems to have snapped a three-day winning streak. The global risk sentiment gets a fresh boost after US President Donald Trump announced a trade deal with Japan. This, in turn, undermines the safe-haven precious metal and prompts some profit-taking amid a modest US Dollar (USD) recovery.