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