Fears of a possible default from Dubai kept the 'safehaven' appeal of gold intact. The recent sell-off still hasn't taken the shine off a remarkable run, which has seen a 12% rise in November - the biggest monthly gain in a year. Silver has bounced back nicely, having hit two-week lows of $17.66 last week.

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Gold & Silver

METAL

LEVEL

CHANGE

GOLD

$1,171

+$2

SILVER

$18.19

-$0.04

Market News

- China’s Gold Association predicted that demand would top 450 tonnes, compared to 395.6 tonnes last year.