Many energy commodities changed course and rallied on Friday: the prices of Brent oil and WTI oil slightly rose on Friday; natural gas Henry Hub future (short term delivery) also changed direction and bounced back yesterday; the prices of silver and gold slightly declined on Friday; the Euro inched up against the USD on Friday. Moreover, several other currencies such as the Aussie dollar also rose against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 22nd, 2013:
Forex and Bullion Markets:
On Friday, gold declined by 0.37% and reached $1,572.3; silver also decreased by 0.83% to $28.46. During the month, gold decreased by 5.32%; silver, by 9.18%.
On Friday, the Euro/USD inched up by 0.03% to 1.3194; the U.S Dollar also depreciated against several currencies such as Australian dollar by 0.73%.
WTI oil price bounced back by 0.31% to $93.13 per barrel; Brent oil also rose by 0.5% to $114.1 per barrel;
Thus, the difference between Brent and WTI slightly rose to $20.97/bbl. During the month, WTI decreased by 4.47%; Brent oil, by 1.25%.
Finally, the Henry Hub future (short term delivery) also rose yesterday by 1.39% to $3.29/mmbtu.
A Summary for February 22nd:
The table below includes: closing rates, daily percent shifts, and daily changes:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for February 18-22
- Gold and Silver Outlook for February
- Gold and Silver Yearly Outlook For 2013