Gold closes out rough month with more losses

|By:, SA News Editor

Gold's down more than 1% today to $1,170 per ounce, bringing its loss for the month to nearly 8% - the largest monthly decline since June of 2013. The metal does remain higher by more than 10% YTD.

Silver is also off nearly 8% in November, but higher by almost 20% YTD.

The metals' tumble this month came as the 10-year Treasury yield rose from about 1.80% to 2.36% (it's up six basis points today). The yield stood at about 1.50% at Labor Day.

Then there's the dollar index, which has been on the rise since May, and steepened that advance in November.

ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, GYEN, USV, GEUR, UBG, QGLDX, DULL, SHNY