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 U.S. 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 "tangible progress" after two days of talks in Switzerland aimed at easing the trade war. Chinese Vice Premier He Lifeng described the trade talks with U.S. officials as "an important first step" towards stabilizing bilateral trade relations. Additionally, U.S. Treasury Secretary Scott Pison stated that both sides made "tangible progress." However, traders will be monitoring the details of the trade talks between the U.S. and China, which will be announced by the United States on Monday.