Gold Oil and Silver Declined on Thursday –Recap March 22nd

Gold and silver prices continue to shift from gains to losses and moving with an unclear trend; after they had increased on Wednesday, they have declined yesterday. Crude oil prices also declined; natural gas future sharply fell yesterday. The Euro slightly decreased again against the U.S. dollar.

Here is a summary of the changes in precious metals and energy commodities for March 22nd, 2012:

Precious Metals:

Gold price slightly fell by 0.47% to $1,642.5; Silver price also decreased by 2.74% and reached $31.35. During March, gold decreased by 4.02% and silver by 9.52%.

The Euro/USD slipped yesterday by 0.11% to 1.3201; furthermore, the U.S Dollar also appreciated against other exchange rates such as the Yen.

Oil and Gas:

WTI price also fell by 1.78% to $104.96 per barrel; Brent oil also decreased by 0.54% to $123.78 per barrel;

Due to these changes, the difference between Brent and WTI oil prices expanded to $18.82/bbl. During the month, WTI declined by 1.97% and Brent oil edged down by 0.1%.

The Henry Hub future (April delivery) decreased by 3.81% to $2.27/mmbtu; the Henry Hub spot price also declined to $2.18/mmbtu; the difference between the spot and future reached $0.09/mmbtu, i.e. Contango.

A Summary of Changes for March 22nd:

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

 Gold price Silver Crude oil prices, Natural gas 2012 March 22

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