Gold falls ahead of FOMC meeting

CHICAGO, July 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as investors prepared for the Federal Open Market Committee (FOMC) meeting.

The most active gold contract for August delivery fell 8.3 U.S. dollars, or 0.48 percent, to close at 1,719.1 dollars per ounce.

U.S. Federal Reserve is to hold its monetary policy meeting on Tuesday and Wednesday, an