Gold (XAU/USD) prices fell in early Asia on Monday (5/12), pressured by a stronger US Dollar.
Meanwhile, optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower.
The US and China reported "substantial progress" after two days of talks in Switzerland aimed at de-escalating a trade war. China's Vice Premier He Lifeng described trade talks with US officials as "an important first step" in stabilising bilateral trade relations.
Additionally, US Treasury Secretary Scott Bessent said the two sides made "substantial progress. Nonetheless, traders will keep an eye on the US-China trade talks details, which the US will share detail on Monday.
The price at the time of this news release was gold trading at the level of $3261/ Tozz.
Source: Newsmaker.id
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