Major commodities were traded up on the penultimate business day of the week: the price of Brent oil remained unchanged while WTI oil rallied yesterday; the prices of gold and silver also increased on Thursday; natural gas Henry Hub future (short term delivery) changed direction and increased yesterday; the Euro rose against the USD on Thursday. On the other hand, several other currency pairs such as the Aussie dollar depreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for January 17th, 2013:
Forex and Bullion Markets:
On Thursday, gold rose by 0.45% and reached $1,690.8; silver increased by 0.85% to $31.78. During the month, gold rose by 0.96%; silver, by 5.34%.
On Thursday,the Euro/USD also increased by 0.67% to 1.3376; the U.S Dollar appreciated against some currencies such as Aussie dollar by 0.25%.
WTI oil price bounced back and rose by 1.33% to $95.49 per barrel; Brent oil remained unchanged at $110.61 per barrel;
Thus, the difference between Brent and WTI narrowed again to $15.12/bbl. During the month, WTI increased by 4%; Brent oil declined by 0.5%.
Finally, the Henry Hub future (short term delivery) changed direction and rose yesterday by 1.72% to $3.49/mmbtu.
A Summary for January 17th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: