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Gold slopes down on Monday, heading for its biggest annual loss in more than three decades at nearly 30 percent, as firm equities and the prospect of a recovery in the global economy stole its shine.

Silver for immediate delivery slid 1 percent to $19.887, tumbling 34 percent this year for the biggest loss since 1981. Platinum fell 0.4 percent to $1,370 an ounce, down 11 percent this year. Palladium was little changed at $711.70 an ounce and is poised to gain 1.1 percent in 2013.   

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