Gold Ends Fourth Month in Decline

Gold prices fell on Monday, expanding its fourth consecutive monthly decline during November.

The ending month saw a decreased demand for safe havens, especially the yellow metal, prompted by positive news about Coronavirus vaccines.

Gold futures for February delivery declined by $7.20, or 0.4%, and closed at $1,780.90 per ounce, its lowest since the beginning of July.

For the month, the yellow metal futures decreased by about 5.5%.