Gold and silver prices slightly declined yesterday along with other major commodities prices: crude oil prices also slightly decreased; natural gas prices on the other hand sharply increased. The Euro depreciated again against the US Dollar; other major currencies (AUD and GBP) also depreciated against the U.S dollar. Here is a summary of the developments of precious metals and energy commodities for February 14th, 2012:
Gold price moderately decreased on Tuesday by 0.42% to $1,717.7; Silver price also decreased by 1.11% and reached $33.35. During February, gold declined by 1.3% while silver rose by 0.26%.
The Euro/USD slightly declined as well by 0.39% to 1.3134; the U.S Dollar appreciated against other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price slightly fell by 0.17% to $100.74 per barrel; Brent oil also decreased by 0.08% to $117.81 per barrel;
Due to these changes, the difference between Brent and WTI oil prices increased to $17.07/bbl. During the month, WTI rose by 2.3% and Brent by 6.2%.
The Henry Hub future price (March delivery) sharply increased by 4.12% to $2.53/mmbtu; the Henry Hub also rose to $2.48/mmbtu; the difference between the spot and future rose to $0.05, i.e. Contango.
A Summary of Changes for February 14th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: