Gold fell for a third consecutive day, approaching $4,000 an ounce, as investors reacted to an overheated market following record rallies. Spot gold dropped 0.5% on Thursday, driven by a technical reset and the largest single-day ETF outflow in five months. Geopolitical tensions and hopes for a US-China trade deal also weighed on the safe-haven metal, which lost nearly 6% in two sessions.