Gold futures ended lower on Monday, echoing a broader slump in commodities that saw oil and copper prices slide in the final trading week of 2015.

February gold US:GCG6 lost $7.60, or 0.7%, to settle at 1,068.30 an ounce. Gold futures are down nearly 10% in the year to date.

Meanwhile, high-grade copper US:HGH6 for March delivery sank around 4 cents, or 2.1%, to finish at $2.08 a pound. The industrial metal is on pace to record its worst annual loss—down around 25%—since 2008.

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. Chinese stocks recorded their biggest drop in about a month after reports that Beijing might loosen rules to make it easier for companies to list on China’s stock exchanges, possibly diminishing demand for existing stocks, also weighed on the market SHCOMP, -1.72% 399106, -2.45% .

A fresh downturn in crude-oil futures CLG26, also were a drag on broader commodity prices. Slumping oil can weigh on metals and other commodities because commodities tend to be bought as a basket of assets and a fresh downdraft in oil can scare investors away, particularly toward the end of the year when investors are hesitant to make risky bets, market participants said.

“The drop in oil prices overnight has reasserted some pressure on the gold and silver markets and although a softer tone may be expected this week, the metals should remain in a relatively tight range as the world gets ready to ring in 2016,” said Peter Hug, global trading director at metals broker Kitco.

“Gold should be contained in the $1,062- $1,078 [an ounce]” range, Hug said.

The moves in metals comes as London markets are off for Boxing Day. Most markets are expected to experience low volumes until after New Year’s Day.

Elsewhere in Comex, other metals were under pressure. March silver US:SIH6 lost 50 cents, or 3.4%, to end at $13.88 an ounce. January platinum US:PLF6 declined $3.40, or 0.4%, to $880.80 an ounce, while March palladium US:PAH6 lost $7.30, or 1.3%, to end at $551.95 an ounce.