Gold prices edged down on Monday as optimism over possible easing of U.S.-China trade tensions dampened bullion demand, while an outsized U.S. jobs report tempered expectations of interest rate cuts by the Federal Reserve.

Asian stock markets have advanced ahead of the second round of trade talks between Washington and Beijing, following a solid report on the U.S. job market.

U.S.-China trade talks in London this week are expected to take up a series of disputes that have buffeted relations.