Gold futures log biggest daily loss in over 7 years

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Gold futures dropped Monday, posting their largest one-day dollar and percentage declines since 2013 as positive news on a potential COVID-19 vaccine helped strengthen the U.S. dollar and bond yields, dulling investor demand for the precious metal. December gold fell $97.30, or about 5%, to settle at $1,854.40 an ounce. Prices based on the most-active contracts saw their biggest daily percentage loss since June 2013, according to Dow Jones Market Data.
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