#FOMCMeeting Gold falls more than 1%, attention turns to the conflict between Israel and Iran and the Fed meeting

June 16 (Reuters) - Gold fell more than 1% on Monday as traders took profits after prices hit an eight-week high, while the market focused on tensions between Israel and Iran and the Federal Reserve's monetary policy meeting this week.

Spot gold was down 1.2%, at $3,392.86 an ounce at 1:53 PM EDT (5:53 PM GMT), after reaching its highest level since April 22 earlier in the session. The price rose more than 1% on Friday.