Gold and Oil Fell Again – Recap March 1st

Major commodities were traded down on the last business day of the week: the prices of Brent oil and WTI oil declined again on Friday; natural gas Henry Hub future (short term delivery) also fell yesterday; silver inched up while gold price declined again on Friday; the Euro also declined against the USD on Friday. Moreover, some other currencies such as the Aussie dollar also slightly fell against the US dollar.

Here is a summary of the daily changes of precious metals and energy commodities for March 1st, 2013:

Forex and Bullion Markets:

On Friday, gold declined by 0.37% and reached $1,571; silver edged up by 0.2% to $28.45. During the week, gold inched down    by 0.03%; silver, by 0.03%.

On Friday, the Euro/USD also declined by 0.35% to 1.3022; the U.S Dollar also appreciated against a few currencies such as Australian  dollar by 0.14%.

Energy Commodities:

WTI oil price also declined by 1.49% to $90.68 per barrel; Brent oil also fell by 0.88% to $110.4 per barrel;

Thus, the difference between Brent and WTI rose to $19.72/bbl. During the week, WTI decreased by 2.6%; Brent oil, by 3.2%.

Finally, the Henry Hub future (short term delivery) also fell yesterday by 0.86% to $3.46/mmbtu.

A Summary for March 1st:

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

Gold Silver Crude oil Natural gas 2012 March 1

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