LME zinc fell 2.00% intraday to $3,487.76/tonne.

Gold fell below $4,000/oz ahead of Kevin Warsh’s speech at the ECB forum in Portugal as investors priced renewed Fed tightening. Saxo Bank analysts said buying interest was insufficient to establish the level as support. They added that, despite easing energy prices, investors still expect the Fed may tighten further to counter an inf rebound; gold slid 14% in Q2, its worst quarterly decline since 2013.

Central Bank of the Republic of Turkey cancels the additional lira reserve requirement on foreign-currency deposits and participation funds.