Major energy commodities prices sharply increased again on the third business day of the week: the prices of Brent oil and WTI oil rose again on Wednesday; natural gas Henry Hub future (short term delivery) also spiked yesterday; silver and gold prices were little changed on Wednesday; the Euro changed course and sharply depreciated against the USD on Wednesday. Moreover, several other currencies such as the Aussie dollar slightly decreased against the U.S dollar.
Here is a summary of the daily shifts of precious metals and energy commodities for March 27th, 2013:
Forex and Bullion Markets:
On Wednesday, gold rose by 0.66% to $1,606.2; silver declined again by 0.25% to $28.58. During the month, gold rose by 1.81%; silver, by 0.64%.
On Wednesday, the Euro/USD changed course and fell by 0.62% to 1.278; the U.S Dollar appreciated against several currencies such as Australian dollar by 0.18%.
WTI oil price rose again by 0.25% to $96.58 per barrel; Brent oil also increased by 0.3% to $109.69 per barrel;
Thus, the difference between Brent and WTI slightly expanded to $13.11/bbl. During March, WTI rose by 4.92%; Brent oil decreased by 1.52%.
Finally, the Henry Hub future (short term delivery) spiked again yesterday by 2.31% to reach $4.07/mmbtu.
A Summary for March 27th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for March 25-29
- Weekly Outlook of Financial Markets for March 25-29
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013