On November 24, gold futures on the COMEX division of the New York Mercantile Exchange increased while the U.S. dollar decreased in value.
The most active gold contract for December delivery jumped 10.20 U.S. dollars, or 0.51 percent, to end at 2,003.00 dollars per ounce.
On the same day, the S&P flash U.S. manufacturing purchasing managers index (PMI) for November came in at a reading of 49.4 – a three-month low.
Conversely, the S&P flash U.S. services PMI increased to 50.8 in November from 50.6 in October, reaching a four-month high.
A majority of market analysts predicted the Federal Reserve would not alter rates at its December monetary policy meeting.
As gold prices rose, silver for December delivery also went up by 65.30 cents, or 2.76 percent, to close at 24.341 dollars per ounce. Additionally, platinum for January delivery increased by 6.20 dollars, or 0.67 percent, to close at 936.90 dollars per ounce.
