Gold and Oil Rallied Again on Monday – Recap April 22nd

Leading commodities prices rose again on the first business day of the week: the prices of Brent and WTI oil increased on Monday; natural gas Henry Hub future (short term delivery) changed direction and tumbled down yesterday; silver and gold prices sharply rose on Monday; the Euro inched up against the USD on Monday. Moreover, several other currencies such as the Canadian dollar also slightly appreciated vs. the U.S dollar.

Here is a summary of the daily shifts of precious metals and energy commodities as of April 22nd, 2013:

Forex and Precious Metals Markets:

On Monday, gold sharply increased by 1.84% to $1,421; silver also rallied by 1.59% to $23.32. During the month, gold declined    by 10.90%; silver, by 17.56%.

On Monday, the Euro/USD slightly increased by 0.1% to 1.3066; moreover, the U.S Dollar slightly depreciated against several currencies such as Canadian  dollar by 0.10%.

Energy Commodities:

WTI oil price rose by 1.34% to $89.19 per barrel; Brent oil also increased by 0.74% to $100.39 per barrel;

Thus, the gap between Brent and WTI shrank to $11.20/bbl. During April, WTI declined by 8.27%; Brent oil, by 8.75%.

Finally, the Henry Hub future (short term delivery) changed direction and sharply fell yesterday by 2.50% and settled at $4.30/mmbtu.

A Summary for April 22nd:

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

Gold Silver Crude oil Natural gas 2012 April 22

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