Major commodities traded again with a mixed trend on the second business day after the holiday: the price of Brent oil and WTI oil changed direction and declined; the prices of gold and silver also shifted gear and edged up on Thursday; natural gas Henry Hub future (short term delivery) bounced back yesterday; the Euro edged up again against the USD on Thursday. On the other hand, several other currency pairs such as the AUD/USD slightly depreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for December 27th, 2012:
Forex and Bullion Markets:
On Thursday, gold rose by 0.17% and reached $1,662.7; Silver also rose by 0.67% to $30.18. During the month, gold decreased by 2.82%; silver, by 9.1%.
On Thursday,the Euro/USD rose by 0.07% to 1.3233; the U.S Dollar appreciated against some other currencies such as Aussie dollar by 0.01%.
WTI oil price changed direction and declined by 0.12% to $90.87 per barrel; Brent oil also decreased by 0.24% to $110.8 per barrel;
Thus, the difference between Brent and WTI slightly narrowed to $19.93/bbl. During the month, WTI rose by 2.2%; Brent oil declined by 0.4%.
Finally, the Henry Hub future (short term delivery) bounced back by 0.59% to $3.41/mmbtu.
A Summary for December 27th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: