Gold Silver and Oil Tumbled Down on Wednesday – Recap May 1st

Major commodities prices tumbled down on the third business day of the week: the prices of Brent and WTI oil plunged on Wednesday; natural gas Henry Hub future (short term delivery) also declined yesterday; silver and gold prices changed direction and plummeted on Wednesday; the Euro slightly rose again against the USD on Wednesday. On the other hand, several other currencies such as the Aussie dollar depreciated against the U.S dollar.

Here is a summary of the daily changes of precious metals and energy commodities as of May 1st, 2013:

Forex and Precious Metals Markets:

On Wednesday, gold fell by 1.77% to $1,446.2; silver also decreased by 3.40% to $23.32. During the week, gold declined    by 0.5%; silver, by 1.80%.

On Wednesday, the Euro/USD slightly rose by 0.09% to 1.3180; conversely, the U.S Dollar appreciated against several currencies such as Aussie  dollar by 0.89%.

Energy Commodities:

WTI oil price also fell by 2.60% to $91.03 per barrel; Brent oil also decreased by 2.36% to $99.95 per barrel;

Thus, the gap between Brent and WTI shrank to $8.92/bbl. During the week, WTI declined by 2.1%; Brent oil, by 3.1%.

Finally, the Henry Hub future (short term delivery) slipped yesterday by 0.39% and settled at $4.33/mmbtu.

A Summary for May 1st:

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

Gold Silver Crude oil Natural gas 2012 May 1

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