Gold and Silver Tumbled Down on Friday – Recap January 4th

Major commodities moved with a mixed trend on the last business day of the week: the price of Brent oil declined while WTI oil changed direction and rose; the prices of gold and silver plummeted on Friday; natural gas Henry Hub future (short term delivery), on the other hand, rallied yesterday; the Euro slightly increased against the USD on Friday. Moreover, several other currency pairs such as the AUD also appreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for January 4th, 2013:

Forex and Bullion Markets:

On Friday, gold fell by 1.53% and reached $1,648.9; Silver also declined by 2.52% to $29.92. During the month, gold decreased by 1.55%; silver, by 0.85%.

On Friday,the Euro/USD edged up by 0.15% to 1.3069; the U.S Dollar depreciated against some other currencies such as Aussie dollar by 0.13%.

Energy Commodities:

WTI oil price rose by 0.18% to $93.09 per barrel; Brent oil decreased again by 0.74% to $111.31 per barrel;

Thus, the difference between Brent and WTI narrowed again to $18.22/bbl. During the month, WTI rose by 1.4%; Brent oil, by 0.2%.

Finally, the Henry Hub future (short term delivery) bounced back by 2.78% to $3.29/mmbtu.

A Summary for January 4th:

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

Gold Silver Crude oil Natural gas 2012 January 4

For further reading: