* Gold market cautious ahead of U.S. Federal Reserve meeting * Spot palladium hits highest since Sept 2011 at $741.75/oz * Coming up: U.S. durable goods orders; 1330 GMT (Updates throughout; changes dateline from SINGAPORE) By Clara Denina LONDON, Jan 28 (Reuters) - Gold edged lower on Monday as investors remained cautious ahead of an eagerly awaited U.S. Federal Reserve meeting, which should disclose more details on the Fed's quantitative easing policy. Platinum group metals held up, with spot palladium hitting its highest in more than 16 months, buoyed by signs of a brighter global economic outlook that is expected to boost...
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