Gold Prices Steady Ahead of US-China Talks

Gold prices remained relatively flat in Asian trade on Monday as investors held back ahead of key talks between the US and China. The yellow metal had gained ground last week, rising by about 0.6% after Treasury yields fell following a Federal Reserve interest rate hike.

The Fed's decision to raise rates for the first time in three years was seen as a hawkish signal, but its impact on yields was tempered by the clarity it provided on the central bank's plans for the coming months.

The US-China talks are set to take place this week, with artificial intelligence and trade tariffs expected to be major topics of discussion. The meeting comes as relations between the two countries remain strained due to ongoing trade tensions.