Gold Heads for Fifth Monthly Drop as Fed Stays Hawkish on Rates.

Bullion is trading near a one-month low as Fed officials stressed their commitment to defeating inflation, while remaining vague on how big their policy move will be at the rate decision meeting in September. Keywords: PALL; ALLTOP; ASIA; BASIC; BON; BUSINESS; CMD; COS; GOV; INDIA; INDUSTRIES; MARKETS; METMNG; NORTHAM; US; WORLD; WWTOP EN PALL ALLTOP ASIA BASIC BON BUSINESS CMD COS GOV INDIA INDUSTRIES MARKETS METMNG NORTHAM US WORLD WWTOP Gold headed for a fifth straight monthly drop, the longest losing run in four years, as more robust monetary tightening by the Federal Reserve looks likely. [Extracted from the article]