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%.
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:
For further reading: