The prices of major commodities mostly declined rates on the second business day of the week: the price of Brent oil declined while WTI oil edged up on Tuesday; natural gas Henry Hub future (short term delivery) decreased yesterday; silver and gold traded sharply down on Tuesday; the Euro slightly depreciated against the USD on Tuesday. Conversely, several other currencies including the Australian dollar slightly appreciated against the U.S dollar.
Here is a summary of the daily shifts of precious metals and energy commodities as of April 2nd, 2013:
Forex and Precious Metals Markets:
On Tuesday, gold plummeted by 1.56% to $1,575.5; silver also plunged by 2.49% to $27.25. During the month, gold rose by 1.21%; silver, by 3.7%.
On Tuesday, the Euro/USD slipped by 0.35% to 1.2821; the U.S Dollar depreciated against several currencies such as Aussie dollar by 0.20%.
WTI oil price inched up by 0.12% to $97.19 per barrel; Brent oil declined by 0.35% to $110.69 per barrel;
Thus, the gap between Brent and WTI shrank to $13.50/bbl. During April, WTI edged down by 0.04%; Brent oil rose by 0.61%.
Finally, the Henry Hub future (short term delivery) declined again yesterday by 1.15% and settled at $3.97/mmbtu.
A Summary for April 2nd:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for April 1-5
- Weekly Outlook of Financial Markets for April 1-5
- Is it Time to Sell Gold?
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013