Gold?s safe-haven shine fades

Gold futures slid over $30 to $3345 an ounce in Asian electronic trades on Friday, extending losses for a third straight session as easing tariff concerns weighed on safe-haven appetite. MCX August bullion futures hovered near ₹98,312, down nearly 0.5%, though weakness in the US dollar? with the dollar index at 97.35 and set for a weekly loss?helped limit deeper declines in the metal. Optimism over US trade deals, including a potential pact with the EU following an agreement with Japan, continued to shape market sentiment. Meanwhile, US jobless claims fell for the sixth consecutive week, reinforcing labor market strength and supporting expectations that the Federal Reserve will keep rates steady next week, even as markets eye a possible rate cut in September.

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