Gold futures dropped to their lowest in four weeks Monday amid uncertainty about whether the Federal Reserve will raise interest rates in December.

December gold lost $5.50, or 0.5%, to $1,135.90 an ounce on Comex.

Activity in the U.S. manufacturing sector saw a slight expansion in the month of October, according to a report released by the Institute for Supply Management on Monday.

The ISM said its purchasing managers index edged down to 50.1 in October from 50.2 in September.

The material has been provided by InstaForex Company – www.instaforex.com