Major commodities prices started off the week in the red as precious metals prices slightly declined on Monday after they had risen for three consecutive days. Crude oil was also traded down on the first day of the week. On the other hand the Euro slightly rose against the U.S. dollar. Natural gas price resumed their downward trend on Monday.
Here is a summary of the changes in precious metals and energy commodities for March 12th, 2012:
Gold price declined on Monday by 0.68% to $1,699.8; Silver price also decreased by 2.34% and reached $33.41. During March, gold decreased by 0.67% and silver by 3.55%.
The Euro/USD was traded slightly up by 0.24% to 1.3154; on the other hand, the U.S Dollar appreciated against many other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price also traded down by 0.99% to $106.34 per barrel; Brent oil also decreased by 0.22% to $125.55 per barrel;
Due to these changes, the gap between Brent and WTI oil prices expanded to $19.21/bbl. During the month, WTI traded down by 0.7% while Brent oil edged up by 1.3%.
The Henry Hub future (April delivery) sharply fell by 2.16% to $2.27/mmbtu; the Henry Hub spot price also declined to $2.17/mmbtu; the difference between the spot and future reached $0.10/mmbtu, i.e. Contango.
A Summary of Changes for March 12th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: