Industrial commodities rise after US, China call a truce in trade war

Qatar's move to exit Opec and possible cut in supply to rein in surplus might keep these prices up

Industrial commodities moved up on Monday due to a perceived easing of the trade war between America and China. 

The iComdex Composite index on the Multi Commodity Exchange jumped 2.4 per cent to 580.67 points in late afternoon trade, from 567 at the previous close. The most active crude oil contract surged 4.6 per cent for delivery later this month, to trade at Rs 3,741 a barrel. Followed by zinc and copper, up 2.9 per cent and 2.6 per cent, respectively.

Following these moves in the industrial segment, bullion prices also rose. Gold for delivery in February jumped 1.5 per cent to