Gold and Silver Bounced Back on Friday – Recap December 21st

Many energy commodities traded mostly down on the last business day of the week: the price of Brent oil and WTI oil changed direction and fell– WTI oil increased for five consecutive business days before falling yesterday; the prices of gold and silver changed direction and bounced back on Friday; natural gas Henry Hub future (short term delivery) fell yesterday; the Euro declined against the USD on Friday. Several other currency pairs such as the AUD/USD also depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 21st, 2012:

Forex and Bullion Markets:

On Friday, gold rose by 0.86% and reached $1,659.4; Silver also increased by 1.78% to $30.15. During the month, gold decreased by 3.01%; silver, by 9.2%.

On Friday,the Euro/USD fell by 0.41% to 1.3188; the U.S Dollar also appreciated against some other currencies such as Aussie dollar by 0.83%.

Energy Commodities:

WTI oil price changed direction and fell by 1.63% to $88.66 per barrel; Brent oil also declined by 1.12% to $108.97 per barrel;

Thus, the difference between Brent and WTI slightly expanded to $20.31/bbl. During the month, WTI declined by 0.3%; Brent oil, by 2%.

Finally, the Henry Hub future (short term delivery) fell again by 0.32% to $3.45/mmbtu.

A Summary for December 21st:

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

Gold Silver Crude oil Natural gas 2012 December 21

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