Gold and silver prices slipped yesterday after they have rallied a day earlier. Crude oil prices on the other hand sharply rose on Friday; natural gas future also traded up but the spot price sharply declined yesterday. The Euro sharply increased against the U.S. dollar.
Here is a summary of the changes in precious metals and energy commodities for March 16th, 2012:
Gold price slipped by 0.22% to $1,655.8; Silver price also decreased by 0.37% and reached $32.60. During March, gold decreased by 3.24% and silver by 5.88%.
The Euro/USD rallied yesterday by 0.73% to 1.3176; furthermore, the U.S Dollar depreciated against many other exchange rates such as the Canadian dollar.
Oil and Gas:
WTI price on the other hand sharply rose by 1.86% to $107.06 per barrel; Brent oil also increased by 2.62% to $126.40 per barrel;
Due to these changes, the gap between Brent and WTI oil prices expanded to $19.34/bbl. During the month, WTI remained flat while Brent oil rose by 2%.
The Henry Hub future (April delivery) rose by 2.19% to $2.33/mmbtu; the Henry Hub spot price sharply declined to $2.03/mmbtu; the difference between the spot and future reached $0.30/mmbtu, i.e. Contango.
A Summary of Changes for March 16th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: