02:00 PM EDT, 06/09/2025 (MT Newswires) -- Updates prices.)

Gold edged higher mid-afternoon on Monday as the dollar eased with the start of trade talks between the United States and China.

Gold for August delivery was last seen up US$9.90 to US$3,356.50 per ounce.

Delegations headed by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are meeting in London as the two countries look to firm up a 90-day pause in tariffs of over 100% on each other's imports reached last month.

The talks come as China reported its economy is slowing under the weight of U.S. tariffs. Reuters reported the country's export growth fell to a three-month low in May, while exports to the United States fell by 34.5% in the month, the most since February, 2020.

The dollar eased as the talks begin, with the ICE dollar index last seen down 0.25 points to 98.94. Treasury yields also fell, with the U.S. two-year note last seen paying 4.001%, down 4.4 basis points, while the yield on the 10-year note was down 3.6 points to 4.476%.