(Mining.com) On Monday gold continued to trade sideways with December futures trading on the Comex market in New York exchanging hands at $1,265.90 an ounce in European trade, down $1.80 from Friday’s close.Gold has been on the defensive since the start of October and is still down nearly $50 after falling to a four month low of $1,243 on October 7.
Year to date the metal is still managing gains of nearly 20% or more than $200 an ounce, one of its best annual performances since 1980.
