Zinc futures rose during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal despite thin trade due to China’s week-long Lunar New Year holiday, due to weakness in the US dollar.
The China’s Shanghai Futures Exchange is closed for the Lunar New Year holiday through to February 2 and will reopen on February 3.
The dollar slipped after US President Donald Trump's hardening defense over his immigration policies.
Trump's move to ban entry of refugees and people from 7 Muslim-majority countries mounted criticism and protests in major American cities.
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