Gold and Silver Bounced Back on Monday–Recap March 19th

Gold and silver prices bounced back yesterday after they have traded down on Friday. Crude oil prices moved in different directions as WTI was traded up and Brent oil was traded down; natural gas future rose yesterday. The Euro increased against the U.S. dollar.

Here is a summary of the changes in precious metals and energy commodities for March 19th, 2012:

Precious Metals:

Gold price edged up by 0.69% to $1,667.3; Silver price also increased by 1.08% and reached $32.96. During March, gold decreased by 2.57% and silver by 4.87%.

The Euro/USD rose yesterday by 0.43% to 1.3238; furthermore, the U.S Dollar depreciated against other exchange rates such as the Aussie dollar.

Oil and Gas:

WTI price also rose by 0.96% to $108.09 per barrel; Brent oil on the other hand decreased by 0.87% to $125.30 per barrel;

Due to these changes, the difference between Brent and WTI oil prices contracted to $17.21/bbl. During the month, WTI edged up by 0.95% and Brent oil by 1.1%.

The Henry Hub future (April delivery) increased by 0.86% to $2.35/mmbtu; the Henry Hub spot price sharply rose to $2.14/mmbtu; the difference between the spot and future reached $0.21/mmbtu, i.e. Contango.

A Summary of Changes for March 19th:

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

 Gold price Silver Crude oil prices, Natural gas 2012 March 19

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