Gold and Silver Bounced Back on Thursday – Recap April 11th

Major commodities traded in a mixed trend on the penultimate business day of the week: the prices of Brent and WTI oil changed direction and fell on Thursday; natural gas Henry Hub future (short term delivery) continued to trade up yesterday; silver and gold prices changed direction and slightly rose on Thursday; the Euro slightly appreciated vs. the USD on Thursday. Further, several other currencies such as the Canadian dollar also appreciated against the U.S dollar.

Here is a summary of the daily shifts of precious metals and energy commodities as of April 11th, 2013:

Forex and Precious Metals Markets:

On Thursday, gold rose by 0.39% to $1,564.5; silver also increased by 0.16% to $27.70. During the month, gold declined    by 1.9%; silver, by 2.1%.

On Thursday, the Euro/USD inched up by 0.21% to 1.31; moreover, the U.S Dollar depreciated against several currencies such as Canadian  dollar by 0.01%.

Energy Commodities:

WTI oil price changed direction and fell by 1.19% to $93.51 per barrel; Brent oil decreased by 1.44% to $104.27 per barrel;

Thus, the difference between Brent and WTI contracted to $10.76/bbl. During April, WTI declined by 3.83%; Brent oil, by 5.23%.

Finally, the Henry Hub future (short term delivery) bounced back and rose yesterday by 1.69% and settled at $4.09/mmbtu.

A Summary for April 11th:

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

Gold Silver Crude oil Natural gas 2012 April 11

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