Gold futures settle lower to hold near their lowest level in over 2 years

Gold futures fell on Monday, giving back most of the climb in prices they saw on Friday, as investors await a Federal Reserve decision this week on interest rates. The central bank is widely expected to announce a rate hike of three-quarters of a point on Wednesday. December gold GCZ22, -0.07% fell $5.30, or 0.3%, to settle at $1,678.20 an ounce on Comex, after climbing by 0.4% on Friday. On Thursday, it settled at $1,677.30, the lowest for a most-active contract since April 2020.