Gold Oil and Silver Plummeted on Wednesday – Recap April 3rd

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 April 3

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