By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Gold, copper and other metal futures gave up gains in thin trading Monday as several global markets, including Japan and the U.K., remain closed.
The main U.S. economic report for the day is the Institute of Supply Management’s index on manufacturing, which is projected to show an improvement for December. The data is due out at 10 a.m. Eastern time.
Gold for February delivery (GCG11 1,419, -2.30, -0.16%) fell $1.90 to $1,419.50 an ounce. Earlier, it touched $1,424.40 an ounce.
Copper for March delivery (HGH11 444.80, +0.10, +0.02%) earlier rose to $4.50 a pound, a new record high, according to published reports. It lately traded down a penny to $4.43 a pound.
Silver pared gains and palladium turned lower, though platinum held onto an advance.
On Friday, metals ended a strong 2010, with several including gold, copper and silver reaching record highs. See more on metals’ gains in 2010.
