Gold Oil and Silver Declined Again – Recap February 28th

Major commodities were traded mostly down on the penultimate business day of the week: the prices of Brent oil and WTI oil fell on Thursday; natural gas Henry Hub future (short term delivery), on the other hand, rose yesterday; silver and gold changed direction and fell on Thursday; the Euro also decreased against the USD on Thursday. Moreover, some other currencies such as the Aussie dollar also slightly declined against the US dollar.

Here is a summary of the daily changes of precious metals and energy commodities for February 28th, 2013:

Forex and Bullion Markets:

On Thursday, gold fell by 1.1% and reached $1,577; silver also declined by 1.89% to $28.4. During the month, gold decreased    by 4.99%; silver, by 9.38%.

On Thursday, the Euro/USD slipped by 0.54% to 1.3068; the U.S Dollar also slightly appreciated against several currencies such as Australian  dollar by 0.17%.

Energy Commodities:

WTI oil price slipped by  0.77% to $92.05 per barrel; Brent oil also declined by 0.44% to $111.38 per barrel;

Thus, the gap between Brent and WTI edged up to $19.33/bbl. During February, WTI decreased by 5.58%; Brent oil, by 3.61%.

Finally, the Henry Hub future (short term delivery) rose again yesterday by 1.51% to $3.49/mmbtu.

A Summary for February 28th:

The table below includes: closing rates, daily percent shifts, and daily changes:

Gold Silver Crude oil Natural gas 2012 Feb 28

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