Gold and Silver Plunged on Wednesday – Recap April 10th

Major commodities traded in a mixed trend on the third business day of the week: the price of Brent slipped while WTI oil rose again on Wednesday; natural gas Henry Hub future (short term delivery) rallied yesterday; silver and gold prices changed direction and fell on Wednesday; the Euro slightly depreciated again vs. the USD on Wednesday. Conversely, several other currencies such as the Australian dollar appreciated against the U.S dollar.

Here is a summary of the daily shifts of precious metals and energy commodities as of April 10th, 2013:

Forex and Precious Metals Markets:

On Wednesday, gold fell by 1.76% to $1,558.4; silver also decreased by 0.82% to $27.65. During the month, gold declined    by 2.28%; silver, by 2.26%.

On Wednesday, the Euro/USD inched down by 0.08% to 1.3073; on the other hand, the U.S Dollar depreciated against several currencies such as Aussie  dollar by 0.51%.

Energy Commodities:

WTI oil price rose again by 0.47% to $94.64 per barrel; Brent oil decreased by 0.41% to $105.79 per barrel;

Thus, the gap between Brent and WTI contracted to $11.15/bbl. During April, WTI declined by 2.66%; Brent oil, by 3.84%.

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 10th:

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

Gold Silver Crude oil Natural gas 2012 April 10

For further reading: