Many commodities prices changed direction and fell on the second business day of the week and the month: WTI oil and Brent oil prices declined yesterday; the prices of silver and gold also plunged on Tuesday; natural gas Henry Hub future (short term delivery) resumed its downward trend from last week and fell on Tuesday; the Euro on the other hand rose again against the USD on Tuesday. Many other currency pairs including the Aussie dollar also appreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for December 4th, 2012:
Forex and Bullion Markets:
On Tuesday, gold changed direction and fell by 1.5% and reached $1,694.4; Silver also plunged by 2.9% to $32.7. During the month, gold declined by 0.96%; silver, by 1.4%.
On Tuesday, the Euro/USD increased again by 0.31% to 1.3094; the U.S Dollar depreciated against several other currencies including Aussie dollar by 0.49%.
WTI oil price also fell by 0.66% to $88.5 per barrel; Brent oil traded down by 0.97% to $109.84 per barrel;
Thus, the gap between Brent and WTI narrowed to $21.34/bbl. During the month, WTI increased by 0.5%; Brent oil, by 1.2%.
Finally, the Henry Hub future (short term delivery) fell by 1.5% to $3.54/mmbtu.
A Summary for December 4th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: