Many commodities traded with a mixed trend again on the penultimate business day of the week: the price of Brent oil slipped yesterday while WTI oil rose again – WTI oil increased for fifth consecutive business day; the prices of gold and silver continued to plunge on Thursday; natural gas Henry Hub future (short term delivery) changed direction and spiked yesterday; the Euro edged up against the USD on Thursday. Several other currency pairs such as the Aussie dollar/USD also depreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for December 20th, 2012:
Forex and Bullion Markets:
On Thursday, gold tumbled down by 1.29% and reached $1,645.2; Silver also fell by 4.58% to $29.62. During the month, gold decreased by 3.84%; silver, by 10.8%.
On Thursday,the Euro/USD edged up by 0.11% to 1.3242; the U.S Dollar also depreciated against some other currencies such as Aussie dollar by 0.02%.
WTI oil price increased again by 0.69% to $90.13 per barrel; Brent oil, on the other hand, slipped by 0.14% to $110.2 per barrel;
Thus, the difference between Brent and WTI narrowed again to $20.07/bbl. During the month, WTI rose by 1.4%; Brent oil slipped by 0.9%.
Finally, the Henry Hub future (short term delivery) changed direction again and fell by 2.87% to $3.32/mmbtu.
A Summary for December 20th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: