Gold up, base metals mixed

In the metals markets, gold was up $2 to $563.30/$564.20 per troy ounce after peaking at $566.50 per troy ounce earlier in the session, a three-week high.

Three-month copper was up $57 to $4,855 per tonne on the London Metal Exchange. Aluminium and zinc prices fell on the day, however. Three-month aluminium dropped $53 to $2,420 per tonne, while zinc prices were down $9 to $2,350 per tonne. Analysts said that zinc prices could rise higher than the price of aluminium due to rising demand and declining inventories of zinc.