Gold and Crude Oil Bounced Back on Wednesday – Recap April 24th

Leading commodities prices bounced back and rose on the third business day of the week: the prices of Brent and WTI oil changed direction and sharply rose on Wednesday; natural gas Henry Hub future (short term delivery) continued to trade down yesterday; silver and gold prices also changed direction and rallied on Wednesday; the Euro slightly rose against the USD on Wednesday. Moreover, several other currencies such as the Aussie dollar also slightly appreciated vs. the U.S dollar.

Here is a summary of the daily developments of precious metals and energy commodities as of April 24th, 2013:

Forex and Precious Metals Markets:

On Wednesday, gold rose by 1.05% to $1,423.5; silver also increased by 0.07% to $22.83. During the month, gold declined    by 10.74%; silver, by 19.30%.

On Wednesday, the Euro/USD slightly increased by 0.15% to 1.3015; moreover, the U.S Dollar slightly depreciated against several currencies such as Aussie  dollar by 0.19%.

Energy Commodities:

WTI oil price spiked by 2.52% to $91.43 per barrel; Brent oil also increased by 1.42% to $101.73 per barrel;

Thus, the gap between Brent and WTI shrank to $10.30/bbl. During April, WTI declined by 5.97%; Brent oil, by 7.53%.

Finally, the Henry Hub future (short term delivery) plunged again yesterday by 1.70% and settled at $4.17/mmbtu.

A Summary for April 24th:

The table below includes: closing rates, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 April 24

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