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 regarding 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 "significant progress" after two days of talks in Switzerland aimed at easing the trade war. Chinese Vice Premier He Lifeng described the trade talks with US officials as a "significant first step" towards stabilizing bilateral trade relations. Additionally, US Treasury Secretary Scott Posen stated that both sides had made "substantial progress". However, traders will be monitoring the details of the US-China trade talks, which will be announced by the United States on Monday.