Gold and Silver Slipped on Tuesday – Recap March 26th

Major energy commodities were traded up on the second business day of the week: the prices of Brent oil and WTI oil increased again on Tuesday; natural gas Henry Hub future (short term delivery) also bounced back and rose yesterday; silver and gold prices changed direction and fell on Tuesday; the Euro changed course and slightly appreciated against the USD on Tuesday. Moreover, several other currencies such as the Aussie dollar slightly increased against the U.S dollar.

Here is a summary of the daily shifts of precious metals and energy commodities for March 26th, 2013:

Forex and Bullion Markets:

On Tuesday, gold fell by 0.55% to $1,595.7; silver also declined by 0.49% to $28.65. During the month, gold rose    by 1.14%; silver, by 0.89%.

On Tuesday, the Euro/USD changed course and edged up by 0.07% to 1.286; the U.S Dollar depreciated against several currencies such as Australian  dollar by 0.18%.

Energy Commodities:

WTI oil price increased again by 1.61% to $96.34 per barrel; Brent oil also rose by 1.1% to $109.36 per barrel;

Thus, the gap between Brent and WTI contracted again to $13.02/bbl. During March, WTI rose by 4.66%; Brent oil decreased by 1.88%.

Finally, the Henry Hub future (short term delivery) bounced back yesterday by 2.87% to reach $3.98/mmbtu.

A Summary for March 26th:

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

Gold Silver Crude oil Natural gas 2012 March 26

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