Gold prices fell below $3400 an ounce in Asian electronic trade on Tuesday, extending Monday's sharp drop of over $90. The metal tumbled more than 2% in the previous session after US President Donald Trump clarified that gold would not face import tariffs, reversing earlier reports that had unsettled markets. Trump also extended the US'China trade truce by 90 days, easing tensions between the two largest economies and further trimming safe-haven demand. On the MCX, October bullion futures hovered near ₹100000 per 10 grams, down 0.15%. Still, geopolitical uncertainty and unresolved trade issues are keeping investors engaged, with attention now turning to the August 15 Trump'Putin meeting in Alaska aimed at ending the Ukraine conflict.

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