Gold and Silver Rallied on Thursday – Recap December 6th

Several commodities prices continued to trade down on the fourth business day of the week and the month: WTI oil and Brent oil prices fell yesterday; the prices of gold and silver increased on Thursday; natural gas Henry Hub future (short term delivery) changed direction again and fell on Thursday; the Euro also declined again against the USD on Thursday. Several other currency pairs including the Aussie dollar appreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 6th, 2012:

Forex and Bullion Markets:

On Thursday, gold rose by 0.5% and reached $1,700.8; Silver also rose by 0.46% to $33.06. During the month, gold fell by 0.6%; silver, by 0.4%.

On Thursday, the Euro/USD decreased by 0.76% to 1.297; the U.S Dollar depreciated against several other currencies including Aussie dollar by 0.29%.

Energy Commodities:

WTI oil price also decreased again by 1.84% to $86.26 per barrel; Brent oil also traded down by 1.64% to $107.03 per barrel;

Thus, the difference between Brent and WTI declined again to $20.77/bbl. During the month, WTI decreased by 3%; Brent oil, by 3.8%.

Finally, the Henry Hub future (short term delivery) changed direction and fell by 0.92% to $3.67/mmbtu.

A Summary for December 6th:

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

Gold Silver Crude oil Natural gas 2012 December 6

For further reading: