U.S. stocks drifted just below their all-time high as the wait continues to hear what will come of trade talks underway between the United States and China.

US stocks were little changed on Tuesday as renewed US-China trade talks entered their second day after an upbeat initial meeting. The Dow Jones Industrial Average was little chan

One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.

Asian shares are mostly higher as investors keep an eye on China-U.S. trade talks that might help stave off a recession.

Gold prices edged higher on Tuesday, while investors awaited more clarity on U.S.-China trade talks and looked forward to key U.S. inflation data due this week for clues on the Federal Reserve's future interest rate decisions.

Trade talks between the US and China resumed on Tuesday after six hours of discussions between top officials in London on Monday. Tuesday's talks are expected to continue to focus on easing tensions over rare earths and tech.

High-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy.

China's foreign ministry said on Saturday that Chinese vice premier He Lifeng will visit the United Kingdom between June 8 and June 13.