Major commodities traded down on the first business day of the week: the prices of Brent and WTI oil fell again on Monday; natural gas Henry Hub future (short term delivery) also changed course and fell yesterday; silver and gold prices plummeted again on Monday; the Euro depreciated again against the USD on Monday. Moreover, several other currencies such as the Aussie dollar also depreciated vs. the U.S dollar.
Here is a summary of the daily shifts of precious metals and energy commodities as of April 15th, 2013:
Forex and Precious Metals Markets:
On Monday, gold tumbled down again by 9.35% to $1,360.6; silver also sharply plummeted by 11.28% to $23.36. During the month, gold declined by 14.69%; silver, by 17.43%.
On Monday, the Euro/USD fell by 0.58% to 1.3037; furthermore, the U.S Dollar sharply appreciated against several currencies such as Canadian dollar by 1.17%.
WTI oil price sharply fell again by 2.83% to $88.71 per barrel; Brent oil also sharply decreased by 2.64% to $100.39 per barrel;
Thus, the gap between Brent and WTI slightly contracted to $11.68/bbl. During April, WTI declined by 8.76%; Brent oil, by 8.76%.
Finally, the Henry Hub future (short term delivery) sharply decreased yesterday by 2.01% and settled at $4.14/mmbtu.
A Summary for April 15th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading: