Gold Silver and Oil Rose on Thursday – Recap January 17th

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 January 17

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