Gold and silver prices started off the week the same way they have ended last week – rising. The recent speech of Bernanke may have been among the factors to drive bullion prices up. Crude oil prices also trade up on Monday; natural gas future slightly declined while the spot price sharply rose yesterday. The Euro increased again against the U.S. dollar.
Here is a summary of the changes in precious metals and energy commodities for March 26th, 2012:
Gold price rose again by 1.40% to $1,688.2; Silver price also increased by 1.48% and reached $32.75. During March, gold decreased by 1.35% and silver by 5.46%.
The Euro/USD rose yesterday by 0.67% to 1.3359; furthermore, the U.S Dollar also depreciated against other exchange rates such as the Canadian dollar.
Oil and Gas:
WTI oil also traded up by 0.53% to $107.03 per barrel; Brent oil increased by 0.42% to $126.39 per barrel;
Due to these changes, the difference between Brent and WTI oil prices reached $19.36/bbl. During the month, WTI declined by 0.04% while Brent oil rose by 2%.
The Henry Hub future (April delivery) decreased by 2.19% to $2.23/mmbtu; the Henry Hub spot price sharply rose to $2.13/mmbtu; the difference between the spot and future reached $0.10/mmbtu, i.e. Contango.
A Summary of Changes for March 26th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: