Gold slips as firm dollar weighs; focus turns to Fed meeting

Spot gold fell 0.5 percent to 4,056 dollars per ounce as a firm dollar near a one-month high weighed on bullion. Traders are focused on the U.S. Federal Reserve policy meeting starting Tuesday, with rate hike expectations rising to 36.3 percent from 16 percent a week ago. Silver, platinum and palladium also declined between 0.8 and 1.7 percent.