Major commodities prices increased again on the first business day of the week: the prices of Brent and WTI oil rose on Monday; natural gas Henry Hub future (short term delivery) spiked yesterday; silver and gold prices changed direction and rallied on Monday; the Euro slightly increased against the USD on Monday. Moreover, several other currencies such as the Canadian dollar also moderately appreciated vs. the U.S dollar.
Here is a summary of the daily developments of precious metals and energy commodities as of April 29th, 2013:
Forex and Precious Metals Markets:
On Monday, gold increased by 0.95% to $1,467.4; silver also increased by 1.53% to $24.12. During the month, gold declined by 8%; silver, by 14.74%.
On Monday, the Euro/USD slightly rose by 0.53% to 1.3099; moreover, the U.S Dollar depreciated against several currencies such as Canadian dollar by 0.54%.
WTI oil price also rose by 1.61% to $94.50 per barrel; Brent oil also increased by 0.63% to $103.81 per barrel;
Thus, the difference between Brent and WTI shrank to $9.31/bbl. During April, WTI declined by 2.81%; Brent oil, by 5.64%.
Finally, the Henry Hub future (short term delivery) spiked yesterday by 5.78% and settled at $4.39/mmbtu.
A Summary for April 29th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading: