Gold and Silver Changed Course and Fell on Tuesday – Recap April 23rd

Leading commodities prices changed direction and fell on the second business day of the week: the prices of Brent and WTI oil edged down on Tuesday; natural gas Henry Hub future (short term delivery) tumbled down again yesterday; silver and gold prices also sharply decreased on Tuesday; the Euro slipped against the USD on Tuesday. Moreover, several other currencies such as the Aussie dollar also slightly depreciated vs. the U.S dollar.

Here is a summary of the daily developments of precious metals and energy commodities as of April 23rd, 2013:

Forex and Precious Metals Markets:

On Tuesday, gold decreased by 0.87% to $1,408; silver also fell by 2.17% to $22.82. During the month, gold declined    by 11.67%; silver, by 19.35%.

On Tuesday, the Euro/USD slightly decreased by 0.54% to 1.2996; moreover, the U.S Dollar slightly appreciated against several currencies such as Aussie  dollar by 0.16%.

Energy Commodities:

WTI oil price edged down by 0.01% to $89.18 per barrel; Brent oil also decreased by 0.08% to $100.31 per barrel;

Thus, the difference between Brent and WTI shrank to $11.13/bbl. During April, WTI declined by 8.28%; Brent oil, by 8.83%.

Finally, the Henry Hub future (short term delivery) sharply declined yesterday by 1.40% and settled at $4.24/mmbtu.

A Summary for April 23rd:

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

Gold Silver Crude oil Natural gas 2012 April 23

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