Leading commodities prices moved in a mixed trend again on the third business day of the week: the prices of Brent oil and WTI oil bounced back and rose on Wednesday; natural gas Henry Hub future (short term delivery) changed course and slipped yesterday; silver and gold prices slightly declined on Wednesday; the Euro appreciated against the USD on Wednesday. Moreover, several other currencies such as the Aussie dollar also rallied against the U.S dollar.
Here is a summary of the daily developments of precious metals and energy commodities for March 20th, 2013:
Forex and Bullion Markets:
On Wednesday, gold slipped by 0.24% to $1,607.5; silver edged down by 0.07% to $28.79. During the month, gold rose by 1.89%; silver, by 1.39%.
On Wednesday, the Euro/USD changed direction and rallied by 0.4% to 1.2932; the U.S Dollar also depreciated against several currencies such as Australian dollar by 0.12%.
WTI oil price rose by 0.87% to $92.96 per barrel; Brent oil also increased by 1.18% to $108.72 per barrel;
Thus, the gap between Brent and WTI slightly expanded to $15.76/bbl. During the month, WTI rose by 0.99%; Brent oil decreased by 2.39%.
Finally, the Henry Hub future (short term delivery) slightly declined yesterday by 0.23% to reach $3.96/mmbtu.
A Summary for March 20th:
The table below includes: closing rates, daily percent shifts, and daily changes:
For further reading: