CHICAGO, Sept. 9 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange ended almost unchanged Monday as investors weigh up the possibility of a U.S. military strike against Syria and the prospects for the Federal Reserve's bond- buying program.
The most active gold contract for December delivery rose 0.2 dollars, or 0.01 percent, to settle at 1,386.7 dollars per ounce.
Investors followed closely reports about the response of the Obama administration to Russia's proposal to place Syria's chemical weapons under international control. Meanwhile, the U.S. Senate is scheduled to vote Wednesday on a resolution that will authorize military action against Syria.
The market is also awaiting the Federal Reserve's September meeting, with some expecting that the central bank would cut the pace of its 85-billion-dollar monthly bond purchases, while others believing the tapering is still off agenda.
Market analysts believe that gold will trade within a certain range until a clarity surfaces regarded the military strike against Syria or the Fed's bond-purchase plan.
Silver for December delivery dropped 17.4 cents, or 0.73 percent, to 23.717 dollars per ounce. Platinum for October delivery lost 12.7 dollar, or 0.85 percent, to 1,483 dollars per ounce.