Gold drops ahead of the Fed meeting today

Source: Bloomberg
© Scanpix/Reuters
Bullion extended a drop from the highest mark in more than half a year ahead of the Federal Reserve meeting today, as the U.S. data beat estimates. The yellow metal for immediate delivery dropped as much as 0.7% to $1,357.13 an ounce and was little changed at $1,360.62 as of 3:33 p.m. in Singapore. Prices advanced to $1,392.22 on Monday trading session, the level last recorded on Sep 9. 
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