Major energy commodities prices mostly traded down on the penultimate business day of the week: the prices of Brent oil and WTI oil changed direction and fell on Thursday; natural gas Henry Hub future (short term delivery) fell again yesterday; silver and gold prices rallied on Thursday; the Euro slightly depreciated against the USD on Thursday. Conversely, several other currencies such as the Aussie dollar slipped against the U.S dollar.
Here is a summary of the daily developments of precious metals and energy commodities for March 21st, 2013:
Forex and Bullion Markets:
On Thursday, gold rose by 0.39% to $1,613.8; silver also increased by 1.37% to $29.19. During the month, gold rose by 2.29%; silver, by 2.78%.
On Thursday, the Euro/USD changed direction and fell by 0.27% to 1.2897; the U.S Dollar depreciated against several currencies such as Australian dollar by 0.55%.
WTI oil price changed course and fell by 0.55% to $92.45 per barrel; Brent oil also decreased by 1.15% to $107.47 per barrel;
Thus, the gap between Brent and WTI slightly contracted to $15.02/bbl. During the month, WTI rose by 0.43%; Brent oil decreased by 3.51%.
Finally, the Henry Hub future (short term delivery) slightly fell again yesterday by 0.63% to reach $3.94/mmbtu.
A Summary for March 21st:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading:
- Weekly Outlook of Financial Markets for March 18-22
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for March 18-22
- Gold and Silver Outlook for March
- Gold and Silver Yearly Outlook For 2013