Gold ends November lower

Precious metals prices were mixed in New York on Friday as demand for precious metals was reduced as the US dollar strengthened and oil prices were again on the decline.

February gold was down $13.50 to $788.80 per troy ounce after falling to a 10-day low of $785 per troy ounce earlier in the session.

March silver, meanwhile, dropped 28 cents to $14.17 per troy ounce.

Still, gold and silver remained higher on the year so far even though gold was down for the month of November, its first monthly decline since June.

Despite recent declines, some analysts expect gold to see more gains if the Federal Reserve cuts US interest rates, as it is expected to do when it meets on 11 December.

January platinum had added $4.60 to $1,444.10 near the close of trade in New York.

Among base metals, copper was also helped by the prospect of a cut in interest rates in the United States as it added 9 cents to $3.18 per pound in New York.