Gold and Silver Tumbled Down on Thursday – Recap January 31st

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 Jan 31

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