Gold futures give back some of Friday's gains
New York (Nov 24) Gold futures traded slightly lower Monday, giving back some of the gains scored in Friday's session. December gold futures GCZ4, -0.06% fell $2.60, or 0.2%, to $1,195.10 an ounce. Gold rebounded Friday after China's central bank unexpectedly cut interest rates and European Central Bank President Mario Draghi indicated the ECB was ready to implement further measures to fight off the threat of deflation.
Spot silver edged up six cents to $16.46, while platinum added $2 to $1,228 -- but palladium jumped $5 to $797.