Major commodities traded in a mixed trend on the fourth business day of the week: the price of Brent oil rose while WTI oil slightly decreased yesterday; natural gas Henry Hub future (short term delivery) inched up yesterday; the prices of gold and silver changed direction and plunged on Thursday; the Euro slightly appreciated again against the USD on Thursday. Further, several other currency pairs such as the Aussie dollar and Canadian dollar also appreciated against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for January 31st, 2013:
Forex and Bullion Markets:
On Thursday, gold fell by 1.15% and reached $1,660.6; silver also decreased by 2.54% to $31.34. During the month, gold declined by 0.85%; silver rose by 3.85%.
On Thursday, the Euro/USD rose again by 0.09% to 1.3579; the U.S Dollar depreciated against some currencies such as Aussie dollar by 0.07%.
WTI oil price decreased by 0.46% to $97.49 per barrel; Brent oil increased by 0.57% to $115.55 per barrel;
Thus, the difference between Brent and WTI expanded to $18.06/bbl. During the month, WTI increased by 6.2%; Brent oil, by 4%.
Finally, the Henry Hub future (short term delivery) inched up yesterday by 0.12% to $3.34/mmbtu.
A Summary for January 31st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for January 28- February 1
- Weekly Outlook Financial Markets for January 28- February 1
- Gold and Silver Outlook for January
- Gold and Silver Yearly Outlook For 2013