Commodity outlook: Crude oil slips; here is how others may fare
NEW DELHI: Barring crude oil, all metals and energy commodity futures gained on Multi-Commodity Exchange (MCX) on Wednesday amid a sharp rise in Covid-19 cases across the world.
Crude oil dropped 0.40 per cent while gold and silver continued their advance for another day encouraged by rising risk-off sentiments. Nickel, zinc and lead added up to a per cent.
NCDEX Agridex, an agricultural futures Index which tracks the performance of the ten liquid commodities, was up 0.46 per cent or 4.75 points at 1,037.10 as all constituent commodities registered gains.
Here is how SMC Global expects commodities to fare today:
