The price of gold futures for February delivery on the New York Mercantile Exchange fell by $7.20, or 0.4%, to close at $1,780.90 per ounce, the lowest closing price since July 1. Calculated according to the most active contract, gold futures prices fell by approximately 5.6% in November, marking the fourth consecutive month of decline.
In the New York market on Thursday, the price of gold fluctuated upwards. Spot gold once rose by more than $26, refreshing its high since September 22 to $1,911.98 per ounce. Spot silver soared 4%, reaching a maximum of $24.168 per ounce. The dollar index fell to a one-week low, enhancing gold’s attractiveness to holders of other currencies.