Gold and Silver Bounced Back on Friday – Recap February 1st

Major commodities traded mostly up on the last business day of the week: the price of Brent oil and WTI oil increased yesterday; natural gas Henry Hub future (short term delivery) changed course and fell yesterday; the prices of gold and silver bounced back and rose on Friday; the Euro slightly appreciated again against the USD on Friday. On the other hand, several other currency pairs such as the Aussie dollar and Canadian dollar depreciated against the USD.

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

Forex and Bullion Markets:

On Friday, gold bounced back by 0.56% and reached $1,669.9; silver also increased by 1.99% to $31.96. During the week, gold rose    by 0.8%; silver rose by 2.5%.

On Friday, the Euro/USD rose again by 0.45% to 1.3640; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 0.17%.

Energy Commodities:

WTI oil price increased by 0.29% to $97.77 per barrel; Brent oil increased by 1.05% to $116.76 per barrel;

Thus, the difference between Brent and WTI expanded to $18.99/bbl. During the month, WTI increased by 2%; Brent oil, by 3.1%.

Finally, the Henry Hub future (short term delivery) fell yesterday by 1.14% to $3.3/mmbtu.

A Summary for February 1st:

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

Gold Silver Crude oil Natural gas 2012 Feb 1

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