Gold ends lower but posts weekly gain

Gold prices slipped today amid uncertainty about the US Fed's future monetary policy approach after a better than expected jobs data.

The US service and manufacturing PMI dropped last month, which has mounted concerns about a near recession that will force the US Fed to cut the rates.

Whilst, the US Bureau of Labor Statistics revealed today that the US economy has created 136,000 new jobs in September, and the unemployment rate fell to 3.5% from 3.7%.

A new round of the US-China trade talks will begin next week, amid high market hopes for a final comprehensive trade deal.

As of 18:00 GMT, the dollar index fell by 0.1% to 98.8 points, with a high of 99 and a low of 98.7.

Gold futures (December delivery) fell by 0.1% to close at $1,512.9 an ounce, and posted a weekly gain of 0.4%, with an intraday high of $1,522.2 and a low of $1.501.4.