Major commodities prices moved in an unclear trend on the penultimate business day of the week: the prices of Brent oil and WTI oil slightly increased on Thursday; natural gas Henry Hub future (short term delivery) changed direction and fell yesterday; silver and gold were traded down on Thursday; the Euro changed direction and slightly appreciated against the USD on Thursday. Conversely, other currencies including the Australian dollar slightly depreciated against the U.S dollar.
Here is a summary of the daily changes of precious metals and energy commodities as of March 28th, 2013:
Forex and Precious Metals Markets:
On Thursday, gold declined by 0.71% to $1,594.8; silver also declined by 1% to $28.29. During the month, gold rose by 1.08%; silver slipped by 0.36%.
On Thursday, the Euro/USD changed direction again and rose by 0.28% to 1.2816; the U.S Dollar appreciated against several currencies such as Aussie dollar by 0.28%.
WTI oil price increased again by 0.67% to $97.23 per barrel; Brent oil also rose by 0.3% to $110.02 per barrel;
Thus, the gap between Brent and WTI slightly shrank to $12.79/bbl. During March, WTI rose by 5.63%; Brent oil decreased by 1.22%.
Finally, the Henry Hub future (short term delivery) changed course and fell again yesterday by 1.08% to reach $4.02/mmbtu.
A Summary for March 28th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for March 25-29
- Weekly Outlook of Financial Markets for March 25-29
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013