Gold prices slipped while the dollar was unchanged on Monday as traders awaited the U.S. mid-term elections and the Federal Reserve’s November meeting due later this week.
Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 0.03% at $1,232.9 a troy ounce by 12:20 AM ET (04:20 GMT).
The U.S. Fed will begin its two-day meeting on Wednesday, with markets anticipating no change to interest rates ahead of a widely expected rate hike in December.
Gold prices slipped lower on Friday as the dollar pushed higher following the release of a stronger-than-expected U.S. jobs report for October.
Official data released on Friday revealed that U.S. jobs growth rebounded in October and wages recorded their largest annual gain in 9-1/2 years.
"The jobs data has reaffirmed the dollar's strength due to the rates differential factor going forward. The risk is that the markets may be caught surprised by a more hawkish Fed," said Rodrigo Catril, senior currency strategist at NAB.
The dollar gained following the release of the report, although growing expectations of an orderly Brexit bolstered global investor sentiment and weakened the safe-haven dollar.
The dollar index last traded at 96.27, down 0.02%.
