Leading commodities traded in a mixed trend on the first business day of the week: the price of Brent and WTI oil changed direction and rose on Monday; natural gas Henry Hub future (short term delivery) declined yesterday; silver and gold prices also changed course and slipped on Monday; the Euro moderately appreciated again vs. the USD on Monday. Moreover, several other currencies including the Australian dollar and Canadian dollar slightly appreciated against the U.S dollar.
Here is a summary of the daily changes of precious metals and energy commodities as of April 8th, 2013:
Forex and Precious Metals Markets:
On Monday, gold slightly declined by 0.22% to $1,572.1; silver also slipped by 0.30% to $27.14. During the month, gold declined by 1.42%; silver, by 4.1%.
On Monday, the Euro/USD increased by 0.15% to 1.3010; further, the U.S Dollar also depreciated against several currencies such as Aussie dollar by 0.29%.
WTI oil price increased by 0.52% to $93.36 per barrel; Brent oil also rose by 0.71% to $104.66 per barrel;
Thus, the gap between Brent and WTI shrank to $11.30/bbl. During April, WTI declined by 3.98%; Brent oil, by 4.87%.
Finally, the Henry Hub future (short term delivery) declined yesterday by 1.04% and settled at $4.08/mmbtu.
A Summary for April 8th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for April 8-12
- Weekly Outlook of Financial Markets for April 8-12
- Is it Time to Sell Gold?
- Gold and Silver Outlook for April
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013