Gold and Silver Prices Ended the Week Falling–Recap February 10

Precious metals prices continued to shift from gains to losses as gold and silver prices ended the week falling. Crude oil prices also shifted from greed to red during yesterday’s trading; natural gas prices nearly didn’t change and only moderately increased. The Euro depreciated against the USD; other major currencies (AUD and YEN) also depreciated against the U.S dollar. Here is a summary of the developments of precious metals and energy commodities for February 10th, 2012:

Precious Metals:

Gold price fell on Friday by 0.91% to $1,725.3; Silver price also decreased by 0.92% and reached $33.60. During February, gold declined by 0.9% while silver rose by 1.03%. 

The Euro/USD slightly decreased by 0.66% to 1.3197; the U.S Dollar appreciated against other exchange rates such as the AUD.

Oil and Gas:

WTI price fell by 1.17% to $98.67 per barrel; Brent oil also decreased by 0.99% to $117.47 per barrel;

Due to these changes, the difference between Brent and WTI oil prices slightly decreased to $18.8/bbl. During the month, WTI rose by 0.2%, and Brent by 5.9%.

The Henry Hub future price (March delivery) increased by 0.40% to $2.48/mmbtu; the Henry Hub remained at $2.50/mmbtu; the difference between the spot and future fell to -$0.02, i.e. Backwardation.

A Summary of Changes for February 10th:

The table below includes: closing prices, daily percent changes, and daily changes:

 Gold price Silver Crude oil prices, Natural gas 2012 February 10

For further reading: