Gold falls under $1,800 an ounce to mark lowest finish in nearly 3 weeks

Gold futures fell under $1,800 an ounce on Monday to mark their lowest settlement in almost three weeks. "While optimism is growing around the economy as we exit the pandemic in the coming quarters, inflation is still widely being viewed as transitory, meaning central banks are in no rush to remove the stabilizers," said Craig Erlam, senior market analyst at Oanda. He expects the market to find out more about the economy and inflation from the Federal Reserve, which will begin its two-day monetary policy meeting on Tuesday. August gold GCQ21, -0.23% fell $2.60, or 0.1%, to settle at $1,799.20 an ounce, the lowest most-active contract finish since July 6, FactSet data show.