Commodity outlook: Crude oil can test Rs 3,980 level on MCX
NEW DELHI: Gold prices surged in futures trade on Tuesday, as weakness in equity market raised demand for safe-haven assets.
A firm trend overseas also supported the yellow metal. Gold prices edged up in global markets on a subdued dollar as a weak dollar means gold will appreciate as the commodity becomes cheaper in other currencies, giving rise to its demand.
Oil prices slipped, extending losses of more than 3 per cent during the previous session after the US President Donald Trump called on Opec to ease its efforts to boost the market, Reuters reported.
