Oil prices fall, gold nears three-month low as investors await Federal Reserve meeting Spot gold fell 0.2 percent to $3,987.45 an ounce, after hitting its lowest level since mid-July in the previous session and posting a four percent weekly drop on Friday. Brent crude fell $2.12 to $114.60 a barrel and U.S. crude fell $2.14 to $101.13, after both surged to their highest levels in about six months late last week.