Gold prices edged down on Monday as optimism over possible easing of U.S.-China trade tensions dampened bullion demand, while an outsized U.S. jobs report tempered expectations of interest rate cuts by the Federal Reserve.

Gold prices held steady in Asian trading Monday as investors awaited high-level U.S.-China trade talks in London. While broader risk appetite improved, demand for safe-haven assets remained supported by

Gold was steady — after losing almost 2% over the previous two sessions — as another round of US-China trade talks offered hope trade tensions between the two largest economies can be eased.