Gold lost for the second session to around $1,770 an ounce on the last trading day of November, the lowest on a closing basis since July 2nd. On the month, gold is on track to book a more than 5% loss, the biggest monthly decline since November of 2016 as progress towards an effective coronavirus vaccine and a smooth White House transition dented bullion’s safe-haven appeal. Still, a weaker dollar, a slowdown in the US labour market recovery and signs the Fed and the ECB could provide more accommodation if necessary are preventing further losses. Gold is up near 16% so far this year.