Gold and Silver Spiked on Wednesday – Recap January 30th

Major commodities traded up on the third business day of the week: the price of Brent oil and WTI oil slightly increased yesterday; natural gas Henry Hub future (short term delivery) bounced back and spiked yesterday; the prices of gold and silver also sharply increased on Wednesday; the Euro appreciated again against the USD on Wednesday. On the other hand, several other currency pairs such as the Aussie dollar and Canadian dollar depreciated against the USD.

Here is a summary of the daily shifts of precious metals and energy commodities for January 30th, 2013:

Forex and Bullion Markets:

On Wednesday, gold spiked by 3.19% and reached $1,679.9; silver also increased by 1.15% to $32.15. During the month, gold edged up   by 0.3%; silver rose by 6.56%.

On Wednesday, the Euro/USD rose again by 0.56% to 1.3567; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 0.54%.

Energy Commodities:

WTI oil price increased again by 0.38% to $97.94 per barrel; Brent oil also increased by 0.47% to $114.9 per barrel;

Thus, the difference between Brent and WTI slightly expanded to $16.96/bbl. During the month, WTI increased by 6.7%; Brent oil, by 3.4%.

Finally, the Henry Hub future (short term delivery) spiked yesterday by 3.38% to $3.34/mmbtu.

A Summary for January 30th:

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

Gold Silver Crude oil Natural gas 2012 January 30

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