The price of gold (XAU/USD) attracted some sellers to approach $3,275 during the early Asian session on Monday, under pressure from the rising US dollar. Optimism about trade talks between the United States and China in Geneva, Switzerland, over the weekend led to a decline in the price of the precious metal. The United States and China announced 'concrete progress' after two days of talks in Switzerland aimed at easing the trade war. Chinese Vice Premier He Lifeng described the trade discussions with US officials as 'an important first step' towards stabilizing bilateral trade relations. Additionally, US Treasury Secretary Scott Pisonte stated that both sides made 'concrete progress.' However, traders will be monitoring the details of the trade talks between the United States and China, which will be announced by the US on Monday.