Gold and Silver Slightly Declined Yesterday –Recap February 14

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:

Precious Metals:

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:

 Gold price Silver Crude oil prices, Natural gas 2012 February 14

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