Oil and Gold Slipped on Tuesday – Recap May 20th

Major commodities were traded in a mixed trend on the second business day of the week: Brent oil slightly rose while WTI oil slipped on Tuesday; natural gas Henry Hub future (short term delivery) sharply increased again yesterday; silver and gold prices changed direction and fell on Tuesday; the Euro also rose against the USD on Tuesday. On the other hand, several currencies such as the Canadian dollar depreciated against the U.S dollar.

Here is a summary of the daily developments of precious metals and energy commodities as of May 20th, 2013:

Forex and Precious Metals Markets:

On Tuesday, gold fell again by 0.47% to $1,377; silver also decreased by 0.57% to $22.44. During the month, gold fell    by 6.43%; silver, by 7.05%.

On Tuesday, the Euro/USD rose by 0.19% to 1.2906; conversely, the U.S Dollar also appreciated against several currencies such as Canadian  dollar by 0.25%.

Energy Commodities:

WTI oil price fell by 0.57% to $96.16 per barrel; Brent oil increased by 0.18% to $103.91 per barrel;

Thus, the gap between Brent and WTI reached $7.75/bbl. During the month, WTI increased by 2.89%; Brent oil, by 1.50%.

Finally, the Henry Hub future (short term delivery) sharply increased again yesterday by 2.49% and settled at $4.19/mmbtu.

A Summary for May 20th:

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

Gold Silver Crude oil Natural gas 2012 May 21

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