Following the recent FOMC meeting in which there was no news of another stimulus plan many currencies sharply declined against the US dollar; major commodities were traded with mixed trends: Gold price slightly declined while silver price moderately rose; crude oil prices bounced back and sharply rose; natural gas spot prices (Henry Hub) slightly slipped. Major currencies such as Euro and CAD depreciated again against the US dollar. Here is a summary of the price developments of precious metals and energy commodities for December 13th:
Precious Metals Prices:
Gold price slightly declined on Tuesday by 0.31% and reached $1,663.40; Silver price on the other hand sharply rose by 0.83% to reach $31.26. During December, gold price declined by 5.0%, and silver price by 4.71%.
The Euro sharply depreciated again against the US dollar by 1.14% to 1.3037. The US Dollar also appreciated against currencies such as the Canadian dollar.
Oil and Gas Prices:
WTI oil price bounced back and rose yesterday by 2.42% to $100.14 per barrel; Brent oil price also inclined by 2.10% to $108.96 per barrel;
Due these changes, the difference between Brent oil price and WTI oil prices slipped to $8.82/bbl. During the month, WTI oil price declined by 0.2%, and Brent oil price by 2.1%.
Natural gas Henry Hub future price (January delivery) rose by 0.61% to $3.28/mmbtu. The Henry Hub spot price declined by 0.32% to $3.11/mmbtu; the difference between the spot and future price rose to $0.17, i.e. Contango.
A Summary of Yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):
For further reading:
Weekly Analysis and Outlook:
Monthly Analysis and Outlook: