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Will the commodity price rise sustain?

Buoyed by gradual unwinding of lockdown restrictions and a steady revival in economic activity, commodity markets are on an upward trajectory. Is the ongoing price performance justified or is it a false dawn?

A marked rise in prices through June suggests that market participants are upbeat about their prospects, going forward. Crude oil, copper, aluminium, gold and silver — prices of all these have increased in the last four weeks as can be seen from the accompanying table:

Price Rise in Select Commodities*

Commodity June 26 May 26

Brent crude         41        36

Copper              5985    5327

Aluminium          1582    1495

Gold                   1752    1711 ...

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