Gold hovers near one-month low as traders eye Fed meeting

 Gold extended losses on Monday to trade near its lowest in a month, as investors waited for a Federal Reserve policy meeting later this week for clarity on when the US central bank will hike interest rates. Spot gold had dropped 0.2 per cent to USD 1,105.40 an ounce by 0024 GMT, after losing 0.3 per cent on Friday. The metal had fallen to USD 1,098.35 in the previous session,..Read More