Gold and Oil Changed Direction on Thursday – Recap January 3rd

Major commodities changed direction and fell traded on the penultimate business day of the week: the price of Brent oil and WTI oil changed direction and declined; the prices of gold and silver also shifted gear and fell on Thursday; natural gas Henry Hub future (short term delivery), continued to traded down yesterday; the Euro sharply declined against the USD on Thursday. Moreover, several other currency pairs such as the AUD/USD also depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for January 3rd, 2013:

Forex and Bullion Markets:

On Thursday, gold decreased by 0.84% and reached $1,674.6; Silver also fell by 1.03% to $30.69. During the week, gold decreasedby 0.01%; silver rose by 1.71%.

On Thursday,the Euro/USD fell by 1.05% to 1.305; the U.S Dollar appreciated against some other currencies such as Aussiedollar by 0.37%.

Energy Commodities:

WTI oil price also declined by 0.19% to $92.92 per barrel; Brent oil also decreased by 0.3% to $112.14 per barrel;

Thus, the difference between Brent and WTI remained virtually unchanged at $19.22/bbl. During the week, WTI rose by 2.3%; Brent oil, by 1.4%.

Finally, the Henry Hub future (short term delivery) fell by 0.99% to $3.2/mmbtu.

A Summary for January 3rd:

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

Gold Silver Crude oil Natural gas 2012 January 3

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