Gold and Silver Sharply Fell on Tuesday –Recap March 20th


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:

Precious Metals:

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:

 Gold price Silver Crude oil prices, Natural gas 2012 March 20

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