Gold Silver and Oil Plummeted on Wednesday – Recap February 20th

Many commodities traded mostly down on Wednesday: the prices of Brent oil and WTI oil sharply declined on Wednesday; natural gas Henry Hub future (short term delivery) changed course and inched up yesterday; the prices of silver and gold continued to sharply trade down on Wednesday; the Euro also depreciated against the USD on Wednesday. Moreover, several other currencies such as the Aussie dollar also sharply decreased against the USD.

Here is a summary of the daily shifts of precious metals and energy commodities for February 20th, 2013:

Forex and Bullion Markets:

On Wednesday, gold tumbled down by 1.67% and reached $1,577.5; silver also decreased by 2.71% to $28.62. During the month, gold fell    by 5%; silver, by 8.66%.

On Wednesday, the Euro/USD also decreased by 0.77% to 1.3283; the U.S Dollar also appreciated against several currencies such as Australian  dollar by 0.98%.

Energy Commodities:

WTI oil price plummeted by  2.28% to $94.46 per barrel; Brent oil also declined by 1.63% to $115.6 per barrel;

Thus, the difference between Brent and WTI expanded to $21.14/bbl. During the month, WTI decreased by 3.11%; Brent oil inched up by 0.04%.

Finally, the Henry Hub future (short term delivery) edged up yesterday by 0.28% to $3.28/mmbtu.

A Summary for February 20th:

The table below includes: closing rates, daily percent shifts, and daily changes:

Gold Silver Crude oil Natural gas 2012 Feb 20

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