Gold prices witnessed a biggest drop in November largely due to broader recovery in the US economy (with a revised GDP up 3.6%) pushing investors to re-allocate money from gold to equities, and many expected an eventual quantitative easing pullback from the Fed. The yellow metal experienced its biggest monthly drop since June (and its worst November since 1978!), losing around 6 percent for November and down a quarter of its value so far this year; it's on track to post its first annual loss in 13 years, according to Reuters. However, there are competing viewpoints on the gold price forecast, as reported by analyst from MetalMiner.
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