Aluminium sole gainer in metals markets

In the metals markets on Tuesday, gold declined $1.90 to $628.30/$629.05 per troy ounce late in the day in London as buyers waited to see what the US Federal Reserve would do about interest rates. Lead dropped $35 by late in the day to $1,730 per tonne late in the day after reaching a new record of $1,790 per tonne in earlier trade. The decline came after the London Metal Exchange released figures showing that lead inventories had risen.

Three-month nickel dropped $1,200 to $32,800 per tonne, while tin fell $225 to $10,825 per tonne even though stockpiles were down. Copper dropped $90 to $6,842 per tonne. Aluminium was the only gainer on the day, adding $8 to $2,008 per tonne.