Gold ends slightly lower, adds to last week's losses

Gold prices edged lower at today's close after the sharp losses it had last week amid the uncertainty over the trade talks between Washington and Beijing.

The US Federal Reserve will launch it meeting tomorrow and will continue until Wednesday, which will be followed by the interest rate decision and statement.

most forecasts are for the bank to hold interest rates unchanged, after the recent US monthly jobs report that was released last Friday, which showed robust jobs data, in addition to the unemployment rate falling to 50-year low.

The dollar index held against a basket of major currencies at 97.6 points as of 20:05 GMT, and hit an intraday high of 97.7 and a low of 97.5.

Gold futures (February delivery) slipped less than 0.1% or 20 cents to close at $1,464.9 an ounce, and hit a high of $1,469.8 and a low of $1,463, after losing 0.5% last week.