Gold and silver prices ended the week the same way they have started this undetermined week – rising. During the entire week they have shifted from gains to losses without showing a clear trend. to shift from gains to losses and moving with an unclear trend; Crude oil prices also bounced back on Friday; natural gas future slightly rose while the spot price plummeted again yesterday. The Euro slightly increased again against the U.S. dollar.
Here is a summary of the changes in precious metals and energy commodities for March 23rd, 2012:
Gold price sharply rose by 1.21% to $1,662.4; Silver price also increased by 2.96% and reached $32.27. During March, gold decreased by 2.86% and silver by 6.84%.
The Euro/USD rose yesterday by 0.52% to 1.3270; furthermore, the U.S Dollar also depreciated against other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price also bounced back by 1.44% to $106.47 per barrel; Brent oil also increased by 1.68% to $125.86 per barrel;
Due to these changes, the difference between Brent and WTI oil prices expanded to $19.39/bbl. During the month, WTI declined by 0.56% while Brent oil rose by 1.6%.
The Henry Hub future (April delivery) increased by 0.44% to $2.28/mmbtu; the Henry Hub spot price sharply declined to $2.07/mmbtu; the difference between the spot and future reached $0.21/mmbtu, i.e. Contango.
A Summary of Changes for March 23rd:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: