Major commodities rallied on the second business day of the week: the price of Brent oil and WTI oil rose; the prices of gold and silver inched up on Tuesday; natural gas Henry Hub future (short term delivery) changed direction and edged down yesterday; the Euro slightly appreciated against the USD on Tuesday. Moreover, several other currency pairs such as the Aussie dollar also appreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for January 15th, 2013:
Forex and Bullion Markets:
On Tuesday, gold rose by 0.37% and reached $1,693.2; silver also increased by 0.77% to $32.17. During the month, gold rose by 1.1%; silver, by 6.6%.
On Tuesday,the Euro/USD changed direction and inched up by 0.07% to 1.3322; the U.S Dollar appreciated against some currencies such as Aussie dollar by 0.47%.
WTI oil price also increased by 0.71% to $96.24 per barrel; Brent oil increased by 1.64% to $112.42 per barrel;
Thus, the difference between Brent and WTI narrowed to $16.18/bbl. During the month, WTI increased by 4.8%; Brent oil rose by 1.2%.
Finally, the Henry Hub future (short term delivery) changed direction and decreased yesterday by 0.22% to $3.56/mmbtu.
A Summary for January 22nd:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: