Major commodities traded mostly up on the second business day of the week: the prices of Brent and WTI oil remained virtually unchanged on Tuesday; natural gas Henry Hub future (short term delivery) changed course and rallied yesterday; silver and gold prices also bounced back on Tuesday; the Euro sharply appreciated again against the USD on Tuesday. Moreover, several other currencies such as the Aussie dollar also appreciated vs. the U.S dollar.
Here is a summary of the daily shifts of precious metals and energy commodities as of April 16th, 2013:
Forex and Precious Metals Markets:
On Tuesday, gold rallied by 1.93% to $1,386.8; silver also rose by 1.14% to $23.63. During the month, gold declined by 13.04%; silver, by 16.49%.
On Tuesday, the Euro/USD rose by 1.07% to 1.3176; furthermore, the U.S Dollar also depreciated against several currencies such as Canadian dollar by 0.44%.
WTI oil price remained virtually unchanged as it inched up by 0.01% to $88.72 per barrel; Brent oil edged down by 0.03% to $100.36 per barrel;
Thus, the gap between Brent and WTI slightly contracted to $11.64/bbl. During April, WTI declined by 8.78%; Brent oil, by 8.75%.
Finally, the Henry Hub future (short term delivery) also rallied and rose yesterday by 0.56% and settled at $4.16/mmbtu.
A Summary for April 16th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading: