Gold ends lower as bearish sentiment takes hold

Gold futures ended lower Thursday, bucking a trend that has seen the precious metal record modest back-to-back gains, as investors grew more wary ahead of the U.S. Federal Reserve’s meeting next week.

February gold GCG6, -0.15% shed $4.50, or 0.4%, to settle at $1,072 an ounce. Prices edged higher over the past two trading sessions. So far this month, the metal has now seen an equal number of up days as down days.

“The gold play is very tricky, because it is not entirely dependent on this element that if the Fed will increase the rate,” said Naeem Aslam, chief market analyst at AvaTrade. “The dollar will become stronger and the yellow metal will move lower.”

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