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%.
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:
For further reading: