The meeting comes against a backdrop of increasing trade hostility and heightened geopolitical tension, particularly around China’s tight grip on the supply of critical minerals.

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.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent Washington, Trump says.