Gold coins are pictured at the local shop of goldsmith Axel Harbaum-Neuhaus in Bonn, Germany on Tuesday, as gold prices rise and many trade in their golden possessions. Jana Rodenbusch/Reuters

Gold prices gained modestly on Wednesday after the precious metal’s spectacular rally came to an abrupt halt on Tuesday, when prices tumbled more than 5%.

The drop in the price of gold, which is viewed as a safe-haven asset in times of uncertainty, came as investors took profits from a record-breaking rally and as American and Chinese officials are expected to meet again for another round of trade talks.

Gold was last trading at $4,141.48 per troy ounce at 1:46 am ET on Wednesday, up less than 0.4%.

On Tuesday, spot gold fell as much as 6.3% to $4,082.03 a troy ounce, after hitting an all-time

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