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%.
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:
For further reading:
- Gold and Silver Outlook for March 25-29
- Weekly Outlook of Financial Markets for March 25-29
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013