MW: Gold wavers on gains and losses; copper rallies
By Claudia Assis
SAN FRANCISCO (MarketWatch) --- Gold futures wavered between small gains and losses Thursday, turning mildly negative as U.S. stocks opened lower. Gold for December delivery GC1Z +0.18% declined $4.40, or 0.3%, to $1,637.70 an ounce on the Comex division of the New York Mercantile Exchange. Most metals traded higher, with copper rallying 4% as the Bank of England surprised markets by announcing another round of quantitative easing and the European Central Bank kept its main interest rate at 1.5%. December copper HG1Z +4.23% rose 12 cents to $3.23 a pound.
