Several commodities prices continued their downward trend and declined on the third business day of the week and the month: WTI oil and Brent oil prices decreased yesterday; the prices of gold edged down while silver rose on Wednesday; natural gas Henry Hub future (short term delivery) changed direction and hiked on Wednesday; the Euro also declined against the USD on Wednesday. Many other currency pairs including the Aussie dollar also depreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for December 5th, 2012:
Forex and Bullion Markets:
On Wednesday, gold edged down by 0.12% and reached $1,692.4; Silver on the other hand rose by 0.53% to $32.91. During the month, gold declined by 1.1%; silver, by 0.9%.
On Wednesday, the Euro/USD decreased by 0.19% to 1.3069; the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.15%.
WTI oil price also declined by 0.7% to $87.88 per barrel; Brent oil traded down by 0.94% to $108.81 per barrel;
Thus, the gap between Brent and WTI narrowed again to $20.93/bbl. During the month, WTI decreased by 1.2%; Brent oil, by 2.2%.
Finally, the Henry Hub future (short term delivery) bounced back and hiked by 4.55% to $3.7/mmbtu.
A Summary for December 5th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: