Gold and silver prices changed direction again and after they had increased on Monday, they sharply fell yesterday. Crude oil prices also sharply declined; natural gas future edged up yesterday. The Euro moderately decreased against the U.S. dollar.
Here is a summary of the changes in precious metals and energy commodities for March 20th, 2012:
Gold price sharply fell by 1.22% to $1,647; Silver price also decreased by 3.4% and reached $31.83. During March, gold decreased by 3.76% and silver by 8.11%.
The Euro/USD slipped yesterday by 0.1% to 1.3225; furthermore, the U.S Dollar sharply appreciated against other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price also declined by 0.64% to $105.61 per barrel; Brent oil also sharply decreased by 2.29% to $124.5 per barrel;
Due to these changes, the difference between Brent and WTI oil prices expanded to $18.89/bbl. During the month, WTI declined by 1.36% while Brent oil rose by 0.5%.
The Henry Hub future (April delivery) decreased by 0.85% to $2.33/mmbtu; the Henry Hub spot price sharply rose to $2.19/mmbtu; the difference between the spot and future reached $0.14/mmbtu, i.e. Contango.
A Summary of Changes for March 20th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: