Gold Fell Again While Oil Rose on Wednesday – Recap December 19th

Many commodities traded with a mixed trend on the third business day of the week: WTI oil and Brent oil rose again yesterday – WTI oil increased for fourth consecutive business day; the prices of gold and silver continued to decline on Wednesday; natural gas Henry Hub future (short term delivery) also decreased yesterday; the Euro edged down against the USD on Wednesday. Several other currency pairs such as the Aussie dollar/USD also depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 19th, 2012:

Forex and Bullion Markets:

On Wednesday, gold declined by 0.19% and reached $1,666; Silver also decreased by 1.78% to $31.05. During the month, gold decreasedby 2.58%; silver, by 6.5%.

On Wednesday,the Euro/USD edged down by 0.02% to 1.3227; the U.S Dollar also appreciated against some other currencies such as Aussiedollar by 0.51%.

Energy Commodities:

WTI oil price rose again by 1.8% to $89.51 per barrel; Brent oil also rallied by 1.4% to $110.36 per barrel;

Thus, the difference between Brent and WTI moderately narrowed to $20.85/bbl. During the month, WTI rose by 0.7%; Brent oil slipped by 0.8%.

Finally, the Henry Hub future (short term delivery) changed direction again and fell by 2.87% to $3.32/mmbtu.

A Summary for December 19th:

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

Gold Silver Crude oil Natural gas 2012 December 19

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