Major commodities were traded mostly up on the penultimate business day of the week: the prices of Brent oil and WTI oil bounced back on Thursday; natural gas Henry Hub future (short term delivery) spiked yesterday; silver and gold prices little changed on Thursday; the Euro slightly appreciated again against the USD on Thursday. Moreover, several other currencies such as the Aussie dollar also appreciated against the US dollar.
Here is a summary of the daily developments of precious metals and energy commodities for March 14th, 2013:
Forex and Bullion Markets:
On Thursday, gold edged up by 0.14% to $1,590.7; silver declined again by 0.53% to $28.78. During the month, gold rose by 0.82%; silver, by 1.36%.
On Thursday, the Euro/USD rallied by 0.29% to 1.2999; the U.S Dollar depreciated against a few currencies such as Australian dollar by 0.85%.
WTI oil price rose by 0.83% to $93.03 per barrel; Brent oil also increased by 0.83% to $109.42 per barrel;
Thus, the gap between Brent and WTI rose to $16.39/bbl. During the month, WTI rose by 1.06%; Brent oil decreased by 1.76%.
Finally, the Henry Hub future (short term delivery) sharply rose yesterday by 3.59% to reach $3.81/mmbtu.
A Summary for March 14th:
The table below includes: closing rates, daily percent changes, and daily shifts:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for March 11-15
- Weekly Outlook of Financial Markets for March 11-15
- Gold and Silver Outlook for March
- Gold and Silver Yearly Outlook For 2013