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, WTI
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:
For further reading: