- Zinc futures rose during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the spot market.However the gains in the base metal were curbed by weak global factory growth which threatened to cut demand as manufacturing in the US China and Euro area slowed in July.
- Oil edged higher on Tuesday after falling by up to 10 percent in just one week, but investors remained concerned about oversupply weighing on prices.Global benchmark Brent crude was trading up 49 cents at $42.63 a barrel at 1031 GMT (0631 EDT). U.S. West Texas Intermediate (WTI) crude was up 38 cents at $40.44 a barrel, after briefly dipping below$40.
- Gold prices held steady at a three-week high in European trade on Tuesday, as investors awaited fresh signals about the timing of a possible U.S. interest rate increase this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped 40 cents, or 0.03% to trade at $1,359.20 a troy ounce by 06:56GMT, or 2:56AMET, just below a three-week peak of $1,362.00 scaled last Friday.
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