Mubasher: Gold prices saw a slide in Monday's early trade in spite of the decline of US dollar index after the Federal Reserve left key policy rates unchanged.

By 4:05am GMT on London Metal Exchange, the US dollar index inched down 0.05% to 95.36 against a basket of currencies.

The price of spot gold was lower 0.3% to $13,337.01 an ounce and US gold futures edged down 0.09% to $13,340.7 per ounce.

In spite of the decline, gold is still higher 2% compared to the previous trading week, Mahmoud Al-Tamir told Mubasher.

Technical indicators gave a go-ahead signal for selling the gold metal, Al-Tamir added, noting that the best-selling mark is at 1,346 per ounce.

Regarding the dollar index, it is likely to keep its strong performance targeting 96.90 in the coming sessions, while the best-selling mark is at 95.60, Al-Tamir concluded.