Leading commodities prices rallied on the first business day of the week: the prices of Brent oil and WTI oil slightly rose on Monday; natural gas Henry Hub future (short term delivery) also increased yesterday; silver and gold prices rose on Monday; the Euro depreciated against the USD on Monday. Moreover, several other currencies such as the Aussie dollar also depreciated against the US dollar.
Here is a summary of the daily developments of precious metals and energy commodities for March 18th, 2013:
Forex and Bullion Markets:
On Monday, gold rose by 0.75% to $1,604.6; silver also increased by 0.08% to $28.85. During the month, gold rose by 1.71%; silver, by 1.6%.
On Monday, the Euro/USD tumbled down by 0.89% to 1.296; the U.S Dollar also appreciated against several currencies such as Australian dollar by 0.08%.
WTI oil price increased again by 0.45% to $93.45 per barrel; Brent oil edged down by 0.04% to $109.38 per barrel;
Thus, the gap between Brent and WTI contracted to $15.77/bbl. During the month, WTI increased by 1.68%; Brent oil decreased by 1.84%.
Finally, the Henry Hub future (short term delivery) increased again yesterday by 0.26% to reach $3.88/mmbtu.
A Summary for March 18th:
The table below includes: closing rates, daily percent shifts, and daily changes:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for March 18-22
- Weekly Outlook of Financial Markets for March 18-22
- Gold and Silver Outlook for March
- Gold and Silver Yearly Outlook For 2013