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Gold prices were kept at a low level due to Monday's holiday and remained close to the high level of $ 1,500, supported by the uncertainty surrounding the trade war between the two countries. United States and China and fears of a slowdown in global economic growth.
At 4:22 GMT, gold in spot transactions has changed little, to $ 1496.42 an ounce.
Gold futures were set at 1508.10 USD an ounce, according to the Reuters agency.
Many markets in Asia, including Singapore and Japan, are closed today.
On Friday, US President Donald Trump said he was not ready for an agreement with China and even questioned a series of trade talks in September.
However, Peter Navarro, the White House's trade advisor, said the United States was considering holding a new round of trade talks with Chinese negotiators.
Earlier this month, Trump had announced that it would impose a 10% tariff on the remaining Chinese imports at $ 300 billion on Sept. 1, prompting China to stop buying US agricultural products .
Last week, the United States also accused China of handling the currency after Beijing allowed the yuan to fall below the seven yuan mark for every dollar.
The escalation of the trade war between the two largest economies in the world has caused a surge in gold prices, which have risen by about 6% since the beginning of this month.
Goldman Sachs warned of a growing risk of recession, highlighting concerns over the devastating effects of the trade war. The bank said it was no longer expecting a trade deal before the 2020 US presidential election.
For other precious metals, silver fell 0.1% to $ 16.93 an ounce.
Platinum rose 0.3% to $ 861.29, and palladium 0.3% to $ 1,425.88 an ounce.
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