gold futures fell on monday to tally a third decline in a row contributing to a loss for the month of october the precious metal’s seventh consecutive monthly decline some investors remain skeptical about the federal reserve potentially pivoting to a more dovish stance on wednesday said fawad razaqzada market analyst at city index and forexcom the fed will announce its interestrate decision on wednesday afternoon a 75 basispoint rate hike is almost certain but “it is not fully priced in” he said gold for december delivery gcz22 fell 410 or nearly 03 to settle at 164070 an ounce on comex for the month prices for the most active contract lost 19 according to dow jones market data