Gold and Oil Edged Down on Wednesday – Recap January 9th

Major commodities shifted gear and mostly traded down on the third business day of the week: the price of Brent oil and WTI oil edged down; the prices of gold and silver also declined on Wednesday; natural gas Henry Hub future (short term delivery) tumbled down again yesterday; the Euro slightly declined against the USD on Wednesday. Conversely, several other currency pairs such as the Aussie dollar appreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for January 9th, 2013:

Forex and Bullion Markets:

On Wednesday, gold declined by 0.4% and reached $1,655.5; silver also decreased by 0.7% to $30.22. During the month, gold decreased by 1.15%; silver rose by 0.17%.

On Wednesday,the Euro/USD declined by 0.15% to 1.3064; the U.S Dollar depreciated against some other currencies such as Aussie dollar by 0.05%.

Energy Commodities:

WTI oil price inched down by 0.04% to $93.11 per barrel; Brent oil also decreased by 0.15% to $111.77 per barrel;

Thus, the gap between Brent and WTI narrowed to $18.66/bbl. During the month, WTIGold Silver Crude oil Natural gas 2012 January 9 increased by 1.4%; Brent oil, by 0.6%.

Finally, the Henry Hub future (short term delivery) plunged again by 3.26% to $3.11/mmbtu.

A Summary for January 9th:

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


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