Zinc prices add 4.4 percent on session

Prices for base metals were mixed on Tuesday, with most seeing gains. The major exception was aluminium, which, while it did not decline, held even at $2,711.5 per tonne. Nickel was 0.6 percent higher to $35,900 per tonne. Copper added 3.2 percent to $5,510 per tonne after London Metal Exchange inventories dropped another 1,450 tonnes. Zinc gained 4.4 percent to $3,237 per tonne, also on a decline in inventories which were down 400 tonnes in LME warehouses.

The price of gold stayed above $650 per troy ounce as it traded at $654.20 per troy ounce. An analyst statement said that strong physical demand for gold has raised sentiment among other investors.