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.

After a round of talks in Geneva last month, the United States and China will sit down at the negotiating table in London on Monday to attempt to preserve a fragile truce on trade, despite simmering tensions.

Oil steadied after after a weekly surge as a renewed round of US-China trade talks offered the potential for reduced global tensions. Brent traded above $66 a barrel after jumping 4% last week, while West Texas Intermediate was near $65.