Many commodities prices remained almost unchanged on the last business day of the week: the prices of Brent oil rallied while WTI oil inched down on Friday; natural gas Henry Hub future (short term delivery) also slipped yesterday; the prices of silver and gold also remained almost unchanged on Friday; the Euro depreciated again against the USD on Friday. Alternatively, some other currency pairs such as the Aussie dollar appreciated against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 8th, 2013:
Forex and Bullion Markets:
On Friday, gold slipped by 0.26% and reached $1,666.2; silver changed direction and inched up by 0.12% to $31.44. During the month, gold rose by 0.34%; silver, by 0.34%.
On Friday, the Euro/USD declined by 0.25% to 1.3365; the U.S Dollar depreciated against some currencies such as Aussie dollar by 0.36%.
WTI oil price also edged down by 0.11% to $95.72 per barrel; Brent oil increased by 1.42% to $118.9 per barrel;
Thus, the difference between Brent and WTI expanded to $23.18/bbl. During the month, WTI decreased by 1.82%; Brent oil rose by 2.9%.
Finally, the Henry Hub future (short term delivery) declined again yesterday by 0.4% to $3.27/mmbtu.
A Summary for February 8th:
The table below includes: closing prices, daily percent shifts, and daily changes:
For further reading:
- Gold and Silver Outlook for February 4-8
- Weekly Outlook Financial Markets for February 4-8
- Gold and Silver Outlook for February
- Gold and Silver Yearly Outlook For 2013