Against the background of a possible rapprochement between the US and China, investors' interest in gold, a traditional safe haven asset, weakened. Prices for the precious metal declined. Also, the dollar is supported by a reduction in expectations of interest rate cuts by the Fed on the back of strong data on the U.S. labor market. At the same time, speculators prefer to remain cautious in anticipation of the outcome of trade negotiations. China, however, continues to increase gold reserves, confirming the interest in the asset in the long term.From a technical point of view, gold faced resistance in the range: $3370-3440. Support in the form of buying activity may occur in the area: $3200-3250.