Gold and Oil Bounced Back on Monday – Recap June 3rd

Leading commodities were traded up on the first business day of the week: Brent oil and WTI oil bounced back on Monday; natural gas Henry Hub future (short term delivery) slightly increased yesterday; silver and gold changed direction and rallied on Monday; the Euro also rose against the USD on Monday. Furthermore, several currencies such as the Australian dollar also appreciated against the U.S dollar.

Here is a summary of the daily changes of precious metals and energy commodities as of June 3rd, 2013:

Forex and Precious Metals Markets:

On Monday, gold changed direction and rose by 1.38% to $1,411; silver also increased by 2.22% to $22.72. During last month, gold fell    by 5.41%; silver, by 7.94%.

On Monday, the Euro/USD rose by 0.59% to 1.3076; moreover, the U.S Dollar also depreciated against several currencies such as Aussie  dollar by 2.09%.

Energy Commodities:

WTI oil price sharply increased by 1.61% to $93.45 per barrel; Brent oil increased by 1.66% to $102.06 per barrel;

Thus, the gap between Brent and WTI reached $8.61/bbl. During last month, WTI decreased by 1.59%; Brent oil, by 1.93%.

Finally, the Henry Hub future (short term delivery) slightly rose yesterday by 0.18% and settled at $3.99/mmbtu.

A Summary for June 3rd:

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

Gold Silver Crude oil Natural gas 2012 June 3

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