Natural Gas and Gold Rallied – Recap March 8th

Major commodities were traded mostly up on the last business day of the week: the prices of Brent oil fell while WTI oil rose again on Friday; natural gas Henry Hub future (short term delivery) also increased yesterday; silver and gold prices slightly increased on Friday; the Euro changed direction and fell against the USD on Friday. Moreover, several other currencies such as the Aussie dollar also depreciated against the US dollar.

Here is a summary of the daily changes of precious metals and energy commodities for March 8th, 2013:

Forex and Bullion Markets:

On Friday, gold increased by 0.11% to $1,576.9; silver rose by 0.49% to $28.92. During the month, gold declined    by 0.05%; silver rose by 1.86%.

On Friday, the Euro/USD tumbled down by 0.78% to 1.3005; the U.S Dollar depreciated against a few currencies such as Australian  dollar by 0.31%.

Energy Commodities:

WTI oil price rose again by 0.43% to $91.95 per barrel; Brent oil decreased by 0.27% to $110.85 per barrel;

Thus, the gap between Brent and WTI contracted again to $18.90/bbl. During the month, WTI inched down by 0.11%; Brent oil decreased by 0.48%.

Finally, the Henry Hub future (short term delivery) rallied again yesterday by 1.31% to reach $3.63/mmbtu.

A Summary for March 8th:

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

Gold Silver Crude oil Natural gas 2012 March 8

For further reading: