Gold futures fell slightly, as apparent progress in U.S.-China trade talks likely sapped some enthusiasm for safe-haven assets like gold.

Gold prices edged lower on Tuesday as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets,

Gold’s price has moved higher since the beginning of the week, with gold’s price currently just above $3300 per troy ounce. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart.