Gold and Silver Plunged Again on Friday – Recap January 25th

Major energy commodities remained virtually unchanged on the last business day of the week: the price of Brent oil remained unchanged while WTI oil inched down yesterday; natural gas Henry Hub future (short term delivery) also edged down yesterday; the prices of gold and silver sharply fell again on Friday; the Euro appreciated again against the USD on Friday. On the other hand, several other currency pairs such as the Aussie dollar and Canadian dollar appreciated against the USD.

Here is a summary of the daily shifts of precious metals and energy commodities for January 15th, 2013:

Forex and Bullion Markets:

On Friday, gold declined again by 0.8% and reached $1,656.6; silver also decreased by 1.62% to $31.18. During the month, gold slipped   by 1.1%; silver increased by 3.34%.

On Friday, the Euro/USD rose by 0.66% to 1.3464; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 0.26%.

Energy Commodities:

WTI oil price inched down by 0.07% to $95.88 per barrel; Brent oil remained at  $113.28 per barrel;

Thus, the difference between Brent and WTI narrowed to $17.33/bbl. During the month, WTI increased by 4.4%; Brent oil, by 2%.

Finally, the Henry Hub future (short term delivery) slipped yesterday by 0.06% to $3.44/mmbtu.

A Summary for January 25th:

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

Gold Silver Crude oil Natural gas 2012 January 25

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