Metals prices decline on session

In the metals markets on Wednesday, gold dropped over $3 to $621.00/$621.55 early in the day in New York. Zinc prices were $80 lower to $4,420 per tonne even though they were as high as $4,535 per tonne during the day, a new record. The price decline came even though London Metal Exchange warehouse inventories dropped 1,825 tonnes to only 97,725 tonnes. Lead dropped $25 on the session to $1,715 per tonne despite a climb to $1,752 per tonne earlier. Copper prices were also lower, dropping $240 to $7,130 per tonne.