Major commodities were traded mostly down on the fourth business day of the week: Brent oil price slightly rose while the price of WTI oil fell on Thursday; natural gas Henry Hub future (short term delivery) remained virtually unchanged yesterday; silver and gold prices fell on Thursday; the Euro also declined against the USD on Thursday. Moreover, several currencies such as the Aussie dollar depreciated against the U.S dollar.
Here is a summary of the daily changes of precious metals and energy commodities as of May 8th, 2013:
Forex and Precious Metals Markets:
On Thursday, gold declined by 0.35% to $1,468; silver also decreased by 0.07% to $23.89. During the month, gold slipped by 1.04%; silver, by 0.24%.
On Thursday, the Euro/USD fell by 0.84% to 1.3043; further, the U.S Dollar appreciated against several currencies such as Aussie dollar by 0.87%.
WTI oil price also slipped by 0.24% to $96.39 per barrel; Brent oil rallied by 0.12% to $104.47 per barrel;
Thus, the difference between Brent and WTI rose to $8.08/bbl. During the month, WTI increased by 3.14%; Brent oil, by 2.05%.
Finally, the Henry Hub future (short term delivery) inched up yesterday by 0.13% and settled at $3.98/mmbtu.
A Summary for May 8th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading: