Gold and silver prices continue to zigzag and after they had decreased on Tuesday, they bounced back yesterday. Crude oil traded with mixed trend as WTI was traded up while Brent slightly declined; natural gas future also rose yesterday. The Euro moderately decreased again against the U.S. dollar.
Here is a summary of the changes in precious metals and energy commodities for March 21st, 2012:
Precious Metals:
Gold price slightly rose by 0.2% to $1,650; Silver price also increased by 1.23% and reached $32.23. During March, gold decreased by 3.56% and silver by 6.97%.
The Euro/USD slipped yesterday by 0.07% to 1.3216; furthermore, the U.S Dollar also moderately appreciated against other exchange rates such as the Canadian dollar.
Oil and Gas:
WTI price also rose by 1.18% to $106.86 per barrel; Brent oil on the other hand decreased by 0.04% to $124.45 per barrel;
Due to these changes, the difference between Brent and WTI oil prices shrunk to $17.59/bbl. During the month, WTI declined by 0.2% while Brent oil edged up by 0.2%.
The Henry Hub future (April delivery) increased by 1.29% to $2.36/mmbtu; the Henry Hub spot price remained unchanged at $2.19/mmbtu; the difference between the spot and future reached $0.17/mmbtu, i.e. Contango.
A Summary of Changes for March 21st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: