Gold dipped to around $3,540 per ounce on Thursday, pausing its longest winning streak since March but remaining near record highs, powered by increased safe-haven demand and expectations of US monetary easing. On Wednesday, the Trump administration appealed a court ruling that struck down most of his global tariffs, setting up a potential Supreme Court showdown. This added to broader uncertainties, including concerns over Federal Reserve independence and debt worries, which continued to support gold. Meanwhile, July data showed a larger-than-expected drop in US job openings, signaling a softer labor market and reinforcing bets on a potential September rate cut. Investors are now awaiting US jobless claims, ADP employment data, and Friday’s nonfarm payrolls report for further clues on economic momentum and Fed policy. Gold has gained roughly 40% year-to-date, with analysts expecting the rally to persist.