The rates of major commodities tumbled down again on the third business day of the week: the price of Brent oil and WTI oil sharply fell on Wednesday; natural gas Henry Hub future (short term delivery) also declined yesterday; silver and gold traded sharply down on Wednesday; the Euro slightly appreciated against the USD on Wednesday. Moreover, several other currencies including the Australian dollar moderately appreciated against the U.S dollar.
Here is a summary of the daily shifts of precious metals and energy commodities as of April 3rd, 2013:
Forex and Precious Metals Markets:
On Wednesday, gold declined again by 1.42% to $1,553.1; silver also fell by 1.66% to $26.8. During the month, gold rose by 2.6%; silver, by 5.3%.
On Wednesday, the Euro/USD slightly rose by 0.26% to 1.2854; the U.S Dollar slightly depreciated against several currencies such as Aussie dollar by 0.11%.
WTI oil price changed course and plummeted by 2.82% to $94.45 per barrel; Brent oil fell by 3.23% to $107.11 per barrel;
Thus, the difference between Brent and WTI shrank to $12.66/bbl. During the month, WTI declined by 2.86%; Brent oil slipped by 2.64%.
Finally, the Henry Hub future (short term delivery) also fell again yesterday by 1.74% and settled at $3.90/mmbtu.
A Summary for April 3rd:
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