Gold drops amid U.S. payrolls

Gold declined on Monday falling for the third straight session towards the lowest level in three weeks after a government data showed that payrolls in the U.S. advanced more than forecast raising speculations that Fed may reduce its monetary easing. Bullion for delivery in November fell 0.4% to $1,288.28 an ounce and traded at $1,287.03 as of 11:57 a.m. Singapore time.