Metals prices begin to recover

In the metals markets on Wednesday, prices trended higher in both precious and base metals. Gold added around $2 to trade at $564.60/$565.30 per troy ounce by late afternoon in London. Silver was up by 20 cents to $9.76/$9.86 per troy ounce, and platinum gained $26 to $1,142 per troy ounce on reports that output would not meet forecasts.

Copper was up $2 to $6,570 per tonne after having lost 9 percent of its value in the past two sessions. Aluminium gained $38 to $2,495 per tonne, while zinc held steady at $2,960 per tonne.