Here is a summary of main changes in Commodity daily prices:
Today as of 9 AM GMT, Silver prices have passed the 30 USD/b mark. The market in the US will probably open with Silver prices and Gold prices on the rise. Yesterday, 6th of December, Silver prices settled on 29.74 USD/ /t oz. – a 1.59% rise compare to the end of the week, while Gold prices also showed a rise of 0.7% and settled on 1,416 USD/ t. oz.
Natural gas prices, even more then Silver or Gold prices, experienced a very bullish move as it rose by as high as 11.44%!! for the New York City Gate Spot. This rise is much more then just a seasonality thing, as I have referred to in a previous post.
And finally, EURO/ US dollar declined by 0.8% as the USD showed strength compare to the EURO.
In the following table are the main descriptive data from last business day – December 6th including: settled prices, the daily percent change compare to previous business day, and the quantitative change in US dollars of each of these prices and exchange rates (except for USD/CAD, in which the change is in Canadian dollars):
- Is it the season of the Natural gas prices rise? – Examining the seasonality in Natural gas prices (in this site)
- Weekly outlook – 6th to 10th of December for commodities (in this site)
- The Golden Rule – gold price is going up… – weekly recap of Gold and Silver – Dec 4th (in this site)
- Ecstasy for the Gold – the diminishing relations of gold and USD – A short analysis (in this site)