Precious metals up, base metals hit new records

Precious metals saw prices up yet again on Wednesday. Gold prices were up 0.6 percent on the day to $597.00 per troy ounce after once again trying to rise to the $600 level, with the Iran situation one reason for the increases. Silver gained 2.4 percent to $12.74 per troy ounce, while Platinum added 0.6 percent to $1,091.

New record high prices were set in base metals. Copper added 2.3 percent on the day to trade at $6,105 per tonne as supply concerns continued. Supply worries were also an issue in rising zinc prices. Three-month zinc gained 2.1 percent to $3,005 per tonne, a new record.