Oil and Gold Slipped on Wednesday – Recap March 13th

Major commodities were traded mostly down on the third business day of the week: the prices of Brent oil and WTI oil declined on Wednesday; natural gas Henry Hub future (short term delivery) increased yesterday; silver and gold prices changed course and fell on Wednesday; the Euro slightly depreciated again against the USD on Wednesday. Conversely, several other currencies such as the Canadian dollar also depreciated against the US dollar.

Here is a summary of the daily shifts of precious metals and energy commodities for March 13th, 2013:

Forex and Bullion Markets:

On Wednesday, gold edged down by 0.21% to $1,588; silver also declined by 0.72% to $28.93. During the month, gold rose    by 0.68%; silver, by 1.9%.

On Wednesday, the Euro/USD slipped by 0.57% to 1.2961; the U.S Dollar appreciated against a few currencies such as Australian  dollar by 0.25%.

Energy Commodities:

WTI oil price declined by 0.02% to $92.52 per barrel; Brent oil also fell by 1.03% to $108.52 per barrel;

Thus, the gap between Brent and WTI contracted again to $16/bbl. During the month, WTI rose by 0.51%; Brent oil decreased by 2.57%.

Finally, the Henry Hub future (short term delivery)  changed course and rallied yesterday by 0.96% to reach $3.68/mmbtu.

A Summary for March 13th:

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

Gold Silver Crude oil Natural gas 2012 March 13

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