Gold price struggles near one-week low; US-China joint statement awaited

  • Gold price (XAU/USD) attracts heavy selling on Monday and drops to a one-week low, around the $3,253-3,252 area during the Asian session on the back of US-China trade deal optimism. Positive signals from high-stakes US-China trade talks over the weekend in Switzerland boost investors' confidence and undermine demand for the traditional safe-haven bullion at the start of a new week.