Commodity outlook: Crude oil, gold slip; here’s how others may fare

Crude oil and precious metals slipped on Thursday as traders booked profit in these counters after a massive rally. Fund allocation by various nations to combat the deadly coronavirus also helped the sentiments.

Crude oil was down 0.20 per cent to Rs 3,500, while gold and silver dipped 0.23 per cent and 0.18 per cent, respectively. On the other hand, copper and nickel registered gains in the domestic market.