Xinhua News AgencyDecember 2, 2013 16:47
1st LD Writethru: Gold futures drop to lowest level since July
CHICAGO, Dec. 2 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange settled with a loss of more than 2 percent on Monday, following data showing that U.S. manufacturing conditions in November rose to their best level in more than two years.
The most active gold contract for February delivery fell 28.5 dollars, or 2.28 percent, to settle at 1,221.9 dollars per ounce. It was the lowest settlement since July 5, according to FactSet data tracking the most-active contracts.