Major commodities traded sharply up on the first business day of the year: the price of Brent oil and WTI oil rose again; the prices of gold and silver also rose on Tuesday; natural gas Henry Hub future (short term delivery), on the other hand, tumbled down again yesterday; the Euro edged down against the USD on Tuesday. Conversely, several other currency pairs such as the AUD/USD sharply appreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for January 2nd, 2013:
Forex and Bullion Markets:
On Tuesday, gold increased by 0.84% and reached $1,688.8; Silver also rose by 2.77% to $31.01. During the week, gold increasedby 0.73%; silver, by 3.01%.
On Tuesday,the Euro/USD slipped by 0.04% to 1.3188; the U.S Dollar depreciated against some other currencies such as Aussiedollar by 1.07%.
WTI oil price rose again by 1.39% to $93.1 per barrel; Brent oil also increased by 1.23% to $112.48 per barrel;
Thus, the difference between Brent and WTI remained virtually unchanged at $19.38/bbl. During the week, WTI rose by 1.2%; Brent oil, by 0.9%.
Finally, the Henry Hub future (short term delivery) tumbled down by 3.61% to $3.23/mmbtu.
A Summary for January 2nd:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: