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Tuesday 31 January 2017

Zinc futures climb 0.79% on global cues : 31 Jan 2017

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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