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%.
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:
For further reading: