Gold price, represented by XAU/USD, sees a notable increase as it attracts dip-buying interest during the Asian session on Thursday. The price rallies back above the critical $3,400 level, reversing a significant portion of its overnight decline from a two-week high. This demand surge comes amid US President Trump’s comments that diminish expectations for a rapid conclusion to the US-China trade situation. Investors are watching closely for how these developments in geopolitical tensions could impact gold prices moving forward. Engaging with this market offers potential opportunities for gains through both short and long strategies.