Gold Market Update : Epic Research Singapore

Gold futures were in negative territory Monday, mirroring a broader slump in commodities that saw oil and copper prices slide in the final trading week of 2015.

February gold GCG6, +0.36%  lost $6.90, or 0.7%, to trade at $1,069 an ounce and is down about 10% year to date.

Commodity prices came under pressure in New York after a report that industrial-company profits from China declined, suggesting weakening demand for metals, including gold. News that Beijing might loosen rules to make it easier for companies to list on China’s stock exchanges, possibly diminishing demand from exiting stocks, helped China stocks SHCOMP, +0.13% 399106, -0.02% along with the industrial-profits report, record their biggest drop in about a month.

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