Gold Silver and Oil Rallied – Recap March 5th

Major commodities were traded mostly up on the second business day of the week: the prices of Brent oil and WTI oil increased on Tuesday; natural gas Henry Hub future (short term delivery) remained unchanged yesterday; silver and gold prices slightly increased on Tuesday; the Euro also rose against the USD on Tuesday. Moreover, several other currencies such as the Aussie dollar also appreciated against the US dollar.

Here is a summary of the daily changes of precious metals and energy commodities for March 5th, 2013:

Forex and Bullion Markets:

On Tuesday, gold rose by 0.16% and reached $1,574.9; silver also increased by 0.37% to $28.58. During the month, gold declined    by 0.18%; silver rose by 0.64%.

On Tuesday, the Euro/USD also increased by 0.2% to 1.3052; the U.S Dollar depreciated against a few currencies such as Australian  dollar by 0.61%.

Energy Commodities:

WTI oil price changed course and rallied by 0.78% to $90.82 per barrel; Brent oil also increased by 0.78% to $111.61 per barrel;

Thus, the difference between Brent and WTI expanded to $20.79/bbl. During the month, WTI decreased by 1.34%; Brent oil inched up by 0.21%.

Finally, the Henry Hub future (short term delivery) remained unchanged yesterday at $3.53/mmbtu.

A Summary for March 5th:

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

Gold Silver Crude oil Natural gas 2012 March 5

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