Gold and Silver Tumbled Down on Tuesday – Recap December 18th

Many energy commodities prices declined on the second business day of the week: WTI oil and Brent oil moderately rose yesterday; the prices of gold and silver sharply fell on Tuesday; natural gas Henry Hub future (short term delivery) also increased yesterday; the Euro also increased against the USD on Tuesday. Several other currency pairs such as the Aussie dollar/USD , on the other hand, depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 18th, 2012:

Forex and Bullion Markets:

On Tuesday, gold plunged by 1.6% and reached $1,669; Silver also fell by 1.85% to $31.61. During the month, gold decreasedby 2.4%; silver, by 4.8%.

On Tuesday,the Euro/USD rose by 0.49% to 1.3229; the U.S Dollar appreciated against some other currencies such as Aussiedollar by 0.16%.

Energy Commodities:

WTI oil price increased again by 0.84% to $87.93 per barrel; Brent oil also increased by 1.11% to $108.84 per barrel;

Thus, the difference between Brent and WTI expanded to $20.91/bbl. During the month, WTI decreased by 1.1%; Brent oil, by 2.1%.

Finally, the Henry Hub future (short term delivery) rose again by 1.79% to $3.42/mmbtu.

A Summary for December 18th:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 December 18

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