Most commodities shifted gear again and declined on the last business day of the week: the price of Brent oil and WTI oil declined; the prices of gold and silver also fell on Friday; natural gas Henry Hub future (short term delivery), on the other hand, spiked yesterday; the Euro increased again against the USD on Friday. Alternatively, several other currency pairs such as the Aussie dollar also depreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for January 11th, 2013:
Forex and Bullion Markets:
On Friday, gold fell by 1.04% and reached $1,660; silver also decreased by 1.66% to $30.38. During the month, gold slipped by 0.85%; silver rose by 0.69%.
On Friday,the Euro/USD rose by 0.54% to 1.3343; the U.S Dollar appreciated against some currencies such as Aussie dollar by 0.59%.
WTI oil price also fell by 0.28% to $93.56 per barrel; Brent oil decreased by 1.12% to $110.64 per barrel;
Thus, the gap between Brent and WTI narrowed to $17.08/bbl. During the month, WTI increased by 1.9%; Brent oil edged down by 0.4%.
Finally, the Henry Hub future (short term delivery) rose again yesterday by 4.2% to $3.33/mmbtu.
A Summary for January 11th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: