On Monday, gold prices fell, while trade negotiations between the United States and China were concluded on a positive note, allaying investor concerns and weighing on demand for this safe haven.

Spot gold fell 1.1% to $3,286.86 per ounce at 00:14 GMT. American gold futures lost 1.6% to $3,291.60. The United States and China concluded high-risk trade negotiations on a positive note on Sunday, with American officials touting a “deal” to reduce the American trade deficit, while Chinese officials said they had reached an “important consensus” and agreed to launch a new forum for economic dialogue. Gold, traditionally considered a safe haven in times of economic and political uncertainty, thrives in an environment of low interest rates.

Spot silver fell 0.1% to $32.65 per ounce, platinum rose 0.4% to $998.65, and palladium strengthened 0.5% to $980.41.