A new round of talks aimed at resolving a trade war between the US and China is set take place in London on Monday. US President Donald Trump announced on Friday that a senior US delegation would meet Chinese representatives. Over weekend, Beijing's Ministry of Foreign Affairs confirmed that Vice Premier He Lifeng will attend the talks.

Gold was steady — after losing almost 2% over the previous two sessions — as another round of US-China trade talks offered hope trade tensions between the two largest economies can be eased.

The dollar held steady against all major currencies on Monday, as exuberance over an upbeat U.S. employment report gave way to caution ahead of pivotal U.S.-China trade talks set to take place in London later in the day.