Major commodities traded in a mixed trend again on the last business day of the week: the price of Brent oil and WTI oil decreased again on Friday; natural gas Henry Hub future (short term delivery) rallied yesterday; silver and gold traded up on Friday; the Euro slightly appreciated again vs. the USD on Friday. Conversely, several other currencies including the Australian dollar and Japanese yen sharply depreciated against the U.S dollar.
Here is a summary of the daily changes of precious metals and energy commodities as of April 5th, 2013:
Forex and Precious Metals Markets:
On Friday, gold rose by 1.51% to $1,575.5; silver also rallied by 1.69% to $27.22. During the month, gold declined by 1.21%; silver, by 3.79%.
On Friday, the Euro/USD rose by 0.42% to 1.2991; on the other hand, the U.S Dollar appreciated against several currencies such as Aussie dollar by 0.50%.
WTI oil price decreased again by 0.60% to $92.70 per barrel; Brent oil tumbled down by 2.09% to $104.12 per barrel;
Thus, the difference between Brent and WTI expanded to $11.42/bbl. During the month, WTI declined by 4.66%; Brent oil, by 5.36%.
Finally, the Henry Hub future (short term delivery) spiked yesterday by 2.51% and settled at $4.13/mmbtu.
A Summary for April 5th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for April 1-5
- Weekly Outlook of Financial Markets for April 1-5
- Is it Time to Sell Gold?
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013