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% to $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 index last traded at 96.27, down 0.02%.