Gold futures fell on Monday as stocks lost further ground and investors flocked to safety in haven assets other than bullion as the U.S. central bank gears up to tackle inflation pegged at a 40-year high. Gold for June delivery /zigman2/quotes/210036777/delayed GCM22 -0.36% shed 1.3%, or about $24.00, to settle at $1,858.60 an ounce on Comex, marking the worst daily percentage drop for the most-active contract in a week, according to FactSet. While gold was down 2.8% in May so far, the ICE US dollar index /zigman2/quotes/210598269/delayed DXY +0.02% was up 6.7% on the month through Monday, according to FactSet. Both have been considered safe-havens in past volatile markets, but a strong dollar can make commodities priced in the unit more expensive to users in other currencies. The rout in stocks continued in the start of another jittery week, with the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.30% down about 2.7% at last check. Attentions will focused on Wednesday's release of the consumer price index, which could show a peak in inflation.