Gold declined on Monday falling for fifth day and was set to complete the largest drop in three months after a government report showed that manufacturing activity in the U.S. advanced to the strongest level in two years signaling no further stimulus by Fed. Bullion for delivery in November slipped 0.3% to $1,312.34 an ounce and was traded at $1,313.07 by 11:22 a.m. Singapore time.