Gold fell on Monday as investors weighed the impact of the ongoing Israel-Iran conflict, while also focusing on the Group of Seven leaders meeting and the Federal Reserve policy decision later this week.

Also looming over the meeting are President Trump's inflammatory threats to make Canada the 51st state and take over Greenland.

In 2018, the president called for the group to embrace Russia and stormed out of the summit. Now he is seeking to shrink America’s military role abroad and embarking on a more expansive trade war.

Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

KANANASKIS, Alberta (Reuters) -More pressure must be exerted on Russia to secure a ceasefire in Ukraine urging the G7 nations to ramp up sanctions to achieve that goal, European Commission President Ursula von der Leyen said on Sunday.

After months of preparation, the G7 summit kicks off today in Kananaskis, Alta., a three-day summit that will see the popular wilderness destination locked down and the surrounding region play host to global leaders,

President Trump's upcoming week is expected to include addressing the Israel-Iran conflict, attending the G7 summit in Canada and responding to nationwide anti-ICE protests.