Gold edged lower as traders tracked the progress of US-China trade talks, with both sides signaling a willingness to make concessions.

Oil prices edged up on Tuesday as market participants waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.

A new round of trade negotiations between the United States and China has started in London, with both sides trying to preserve a fragile truce brokered last month.