Gold futures edged lower on Monday amid a firmer dollar, while prospects of monetary policy tightening in the United States ahead of the Federal Reserve's two-day meeting starting on Tuesday also weighed on the metal. Gold futures for December delivery declined 0.4 percent at $1,320.60 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.2 percent at $1,316.50 an ounce.

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