Gold Oil and Silver Rallied on Friday –Recap March 30th

Gold and silver prices ended the week rising. During the entire week they have shifted from gains to losses with an unclear trend; Crude oil prices also edged up on Friday; natural gas prices continued to their freefall with end in sight. The Euro slightly rose again against the U.S. dollar.

Here is a summary of the changes in precious metals and energy commodities for March 30th, 2012:

Precious Metals:

Gold price rose by 1.03% to $1,671.9; Silver price also increased by 1.54% and reached $32.48. During March, gold decreased by 2.3% and silver by 6.23%.

The Euro/USD also increased yesterday by 0.32% to 1.3344; furthermore, the U.S Dollar also appreciated against other exchange rates such as the Canadian dollar.

Oil and Gas:

WTI price also edged up by 0.23% to $103.02 per barrel; Brent oil also increased by 0.24% to $123.81 per barrel;

Due to these changes, the difference between Brent and WTI oil prices expanded to $20.79/bbl. During the month, WTI declined by 3.78% and Brent oil by 0.1%.

The Henry Hub future (April delivery) decreased by 0.93% to $2.13/mmbtu; the Henry Hub spot price sharply declined to $1.98/mmbtu; the difference between the spot and future reached $0.15/mmbtu, i.e. Contango.

A Summary of Changes for March 30th:

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

 Gold price Silver Crude oil prices, Natural gas 2012 March 30

For further reading: