Gold, base metals lower

Metals prices were down as well on Tuesday. Gold lost $3.5 to $552.10/$553.00 per troy ounce.

Fears that rising interest rates could adversely affect demand growth, base metals prices fell significantly. Three-month copper lost $113 to $4,757.5 per ton on the London Metal Exchange. Aluminium was down 3.9 percent to $2,345.5 per tonne, zinc dropped 3.4 percent to $2,247.5 per tonne, and lead declined by 3 percent to $1,167.5 per tonne.