Many commodities prices rose on the third business day of the week following the recent FOMC decision to expand QE3 and purchase long term treasuries at a rate of $45 billion per month: WTI and Brent oil prices increased again yesterday; the prices of gold and silver also rose on Wednesday; natural gas Henry Hub future (short term delivery) continue to fall on Wednesday; the Euro rose again against the USD on Wednesday. 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 12th, 2012:
Forex and Bullion Markets:
On Wednesday, gold rose by 0.48% and reached $1,716.6; Silver also increased by 2.3% to $33.71. During the month, gold increasedby 0.33%; silver, by 1.5%.
On Wednesday,the Euro/USD increased again by 0.56% to 1.3077; the U.S Dollar also depreciated against some other currencies such as Aussiedollar by 0.26%.
WTI oil price rose again by 1.14% to $86.77 per barrel; Brent oil also rose by 1.38% to $109.5 per barrel;
Thus, the gap between Brent and WTI widen again to $22.73/bbl. During the month, WTI decreased by 2.4%; Brent oil, by 1.6%.
Finally, the Henry Hub future (short term delivery) fell again by 0.88% to $3.38/mmbtu.
A Summary for December 12th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: