A summary of trading in key commodities markets overseas:
Oil prices have fallen as data showing weak manufacturing activity in China fuelled concerns over energy demand in the world's second largest economy, analysts said.
New York's main contract, West Texas Intermediate for delivery in March, dropped $US1.26 cents to $96.43 a barrel.
Brent North Sea crude for March was down 26 US cents to stand at $106.14 a barrel in London deals at 0725 AEDT.
Gold climbed as a weaker US manufacturing report and declining stock markets draws investors, looking for an alternative asset, to the precious metal.
Gold for April delivery, the most-actively traded contract, on Monday rose $US20.10, or 1.6 per cent, to settle at $US1,259.90 a troy ounce on the Comex division of the New York Mercantile Exchange.
US stocks slumped on Monday as the Institute for Supply Management said its index of US manufacturing showed the sector barely expanded last month. The ISM's gauge of factory activity came in at 51.3 in January, down from 56.5 in December. Readings above 50 indicate expansion.
Copper, the flagship metals of the London Metal Exchange (LME), closed lower for the ninth consecutive session as downbeat economic data from top consumer China weighed prices lower in thin trading conditions.
At the close of open-outcry trading in the London ring on Monday, LME 3-month copper was 0.4 per cent down from Friday's settlement price at $US7,037 per metric ton.
Growth in China's services sector and manufacturing activity both slowed in January, but remained in expansive territory. The China Manufacturing Purchasing Managers' Index dropped to a six-month low of 50.5 in January from 51.0 in December -- a six-month low. Meanwhile, the Chinese non-manufacturing PMI dropped to 53.4 in January.
Aluminium, dragged by the wider base metals downtrend, continued to trade at its lowest prices since July 2009, closing some 1.7 per cent lower on Friday's settlement at $US1,676.50 per metric ton.