Prices register biggest monthly drop though since June 13
Gold futures rose Friday, 29 November 2013 buoyed by a weaker dollar and bargain hunting, but still finished November with the biggest drop since a June bloodbath.
Gold for February delivery, the most active contract, gained $12.50 an ounce, or 1%, to settle at $1,250.40 in a shortened Comex floor trading session at the New York Mercantile Exchange.
On a continuous basis, gold futures fell nearly 6.5% in November, the largest drop since a 12.2% decline in June. Gold is off more than 25% since the beginning of the year.
March silver futures advanced 34 cents, or 1.7%, to $20.02 an ounce. Silver saw a monthly fall of nearly 10%, also the largest decline since June.
The ICE dollar index lost 0.2% to trade at 80.562 on Friday. A weaker dollar can lift commodities priced in the currency. The index was on track for a 0.6% monthly rise, while posting a 1.1% gain since the beginning of the year.
Powered by Capital Market - Live News
