Oil and Euro Rallied on Wednesday – Recap December 26th

Many commodities traded with a mixed trend on the first business day after the holiday: the price of Brent oil and WTI oil changed direction and rose; the prices of gold and silver changed remained virtually unchanged on Wednesday; natural gas Henry Hub future (short term delivery) continued to decline yesterday; the Euro edged up against the USD on Wednesday. Several other currency pairs such as the AUD/USD also slightly appreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for December 26th, 2012:

Forex and Bullion Markets:

On Wednesday, gold edged up by 0.03% and reached $1,659.9; Silver slipped by 0.55% to $29.98. During the month, gold decreased by 2.98%; silver, by 9.7%.

On Wednesday,the Euro/USD rose by 0.34% to 1.3224; the U.S Dollar also depreciated against some other currencies such as Aussie dollar by 0.17%.

Energy Commodities:

WTI oil price changed direction and rose by 2.62% to $90.98 per barrel; Brent oil also increased by 1.93% to $111.07 per barrel;

Thus, the difference between Brent and WTI slightly narrowed to $20.09/bbl. During the month, WTI rose by 2.3%; Brent oil declined by 0.1%.

Finally, the Henry Hub future (short term delivery) declined again by 1.71% to $3.39/mmbtu.

A Summary for December 26th:

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

Gold Silver Crude oil Natural gas 2012 December 26

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