Major commodities were traded in a mixed trend on the first business day of the week: the price of Brent oil declined while WTI oil edged up on Monday; natural gas Henry Hub future (short term delivery) slightly increased yesterday; silver slipped while gold price slightly rose on Monday; the Euro changed direction and appreciated against the USD on Monday. Moreover, several other currencies such as the Aussie dollar also slightly appreciated against the US dollar.
Here is a summary of the daily changes of precious metals and energy commodities for March 11th, 2013:
Forex and Bullion Markets:
On Monday, gold edged up by 0.07% to $1,578; silver on the other hand declined by 0.07% to $28.92. During the month, gold inched up by 0.02%; silver rose by 1.52%.
On Monday, the Euro/USD rose by 0.3% to 1.3044; the U.S Dollar depreciated against a few currencies such as Australian dollar by 0.5%.
WTI oil price increased again by 0.12% to $92.06 per barrel; Brent oil decreased by 0.57% to $110.22 per barrel;
Thus, the gap between Brent and WTI contracted again to $18.16/bbl. During the month, WTI inched up by 0.01%; Brent oil decreased by 1.04%.
Finally, the Henry Hub future (short term delivery) rose again yesterday by 0.55% to reach $3.65/mmbtu.
A Summary for March 11th:
The table below includes: closing rates, daily percent changes, and daily shifts:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for March 11-15
- Weekly Outlook of Financial Markets for March 11-15
- Gold and Silver Outlook for March
- Gold and Silver Yearly Outlook For 2013