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Zinc updates yesterday traded with the negative node and settled -1.58% down at 98.05 due to stronger US dollar and market concerns over the global economic growth. Markets were focused on the US Federal Reserve meeting to be held on Friday, but market expectations that the US Federal Reserve will launch a third round of quantitative easing (QE3) weakened, helping boost the US dollar index to 74.1. 

Copper updates yesterday traded with the negative node and settled -0.99% down at 398.95 surrendering earlier gains and failing to match a mostly positive feel in commodities at the start of the week, as global growth concerns continued to cloud near-term demand prospects. Copper continued to be pushed and pulled by internal and outside market forces. Prices initially climbed on the heels of encouraging Chinese July import figures, but the gains were quickly rolled back as the sluggish U.S.

Gold updates rallied as a sputtering global economy boosted expectations for further monetary easing, raising bullion's appeal as a hedge against inflation. Global markets will focus on Federal Reserve Chairman Ben Bernanke's speech on Friday in Wyoming's Jackson Hole, where policymakers and academics meet once a year to talk shop. Investors have flocked to the yellow metal as a haven from the euro zone debt crisis, weakness in the U.S. economy, and volatility in the currency markets. 

Silver updates ended lower tracking weakness in base metals counters but losses were limited due to growing speculation the U.S. won't be able to resist another round of stimulus and broader worries about the global economy. Over the past few weeks, Silver prices were not been able to reflect the gains in gold prices during the past few days, as the white metal was more influenced by the liquidation in the industrial metals complex. 

Nickel updates yesterday traded with the negative node and settled -1.76% down at 953.7 due to stronger US dollar and decline of the European equity market. LME nickel for delivery in three months opened at USD 21,200/mt and closed at USD 20,777/mt overnight, down by USD 433/mt from a day earlier, with the highest price at USD 21,366/mt and the lowest price at USD 20,760/mt.  On Monday, there were no solid economic data and news in the market. The US and EU equity market slipped after surging, but closed with slight gains.  

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