(RTTNews) - Gold futures were little changed in subdued dealing Monday morning, staying near last month's record highs.
The price of February gold was up $1.30 at $1,422.40 an ounce ahead of US economic data related to manufacturing. Gold surged about 30% last year, touching a record high of $1,432.50 in early December.
The dollar was little changed this morning, stabilizing from steep early losses in the final weeks of 2010.
Results of the manufacturing survey of the Institute for Supply Management for December will be released at 10.00 a.m. ET. Economists expect the index to show a reading of 57.2 for December, slightly higher than a reading of 56.6 for November.
At the same time, the Commerce Department will table its report on Construction Spending for November. Economists predict a nominal 0.1% increase in construction spending for the month following the unexpected 0.7% month-over-month increase in October.
