Producers of metals and other raw materials fell as investors took profits from a rally that has seen the price of copper hit its highest level in roughly seven years.

Copper rose 0.6% Monday for its highest close since 2014, bringing its gains for November to 12%.

Gold futures continued their recent retreat as more promising signs from Covid-19 vaccine development quelled demand for safe havens.

Gold for February delivery fell $7.20, or 0.4%, to settle at $1,780.90, the lowest settle since July 1, compounding a 4% loss last week.

In a positive sign for commodities prices, the dollar hit a two-and-a-half-year low against a basket of other currencies.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-30-20 1632ET