Gold, Silver and Oil Tumbled Down on Thursday – Recap December 13th

Many commodities prices changed direction and fell on the fourth business day of the week: WTI and Brent oil prices decreased yesterday; the prices of gold and silver also fell on Thursday; natural gas Henry Hub future (short term delivery) continue its free-fall on Thursday; the Euro remained nearly unchanged against the USD on Thursday. Many other currency pairs including the Aussie dollar depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 13th, 2012:

Forex and Bullion Markets:

On Thursday, gold fell by 1.21% and reached $1,695.9; Silver also plummeted by 4.18% to $32.3. During the month, gold decreased by 0.88%; silver, by 2.73%.

On Thursday,the Euro/USD remained flat at 1.3077; the U.S Dollar appreciated against some other currencies such as Aussie dollar by 0.26%.

Energy Commodities:

WTI oil price changed direction and fell by 1.01% to $85.89 per barrel; Brent oil also decreased by 1.45% to $107.91 per barrel;

Thus, the difference between Brent and WTI narrowed to $22.02/bbl. During the month, WTI decreased by 3.4%; Brent oil, by 3%.

Finally, the Henry Hub future (short term delivery) declined again by 1.03% to $3.35/mmbtu.

A Summary for December 13th:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 December 13

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