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Gold today swung between gains and losses as investors weighed the outlook for less US stimulus against the risk of a possible government shutdown.
Gold was little changed at USD 1,323.52 an ounce, after rising and falling 0.3 per cent. Silver lost 0.6 per cent to USD 21.59 an ounce.
The US Senate plans to vote today on a spending bill, three days before federal spending authority runs out and a few weeks until the country hits its borrowing limit.
Federal Reserve Bank of Kansas City President Esther George said labour - market gains warrant tapering bond purchases.
Gold is set for the first annual drop in 13 years as some investors lost faith in the metal as a store of value on optimism economies are strengthening.
The Fed unexpectedly left its bond-purchase programme unchanged last week and economists said the Fed will take the first step in slowing debt purchases in December.
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