Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday (Saturday morning GMT), driven hunt for a bargain price, but it ended November with a loss of almost 6.5 percent, the biggest decline since a decline of 12.2 percent in June.
The price of gold so far this year are down by more than 25 percent.
The most active gold contract for February delivery rose 12.5 U.S. dollars, or 1.01 percent, to close at 1250.4 U.S. dollars per ounce.
Opportunistic buying in the physical market and the weakening dollar also offer some support to the gold market. However, market analysts stating that the overall trend for gold will drop further.
Silver for March delivery rose 35.1 cents, or 1.78 percent, to close at 20.033 dollars per ounce. Platinum for January delivery rose 16.1 U.S. dollars, or 1.19 percent, to close at 1368.8 U.S. dollars per ounce.
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