Rebound short-lived? Recovery in commodity prices likely to be a blip

Experts see the real recovery may prove evasive if virus continues to spread

Metals, gold, and crude out prices saw some short-covering and an improvement in early trades in the international market on Monday. The prices of nickel and lead were up over 1 per cent; copper, aluminium, and zinc improved, too.

Brent crude oil jumped over 3 per cent in early futures trade to around $51.3 per barrel, but later gave up some of the gains. Gold and silver, too, recovered. On the MCX, most commodities were trading higher.

The short covering of all beaten-down commodities —which started late on Friday -- continued. Stimulus measures by China and other Asian nations helped in recovery.