Yesterday, the non-farm payroll report came out, in which the employment rose by 146k – higher than expected – alas it didn’t seem to affect much the commodities prices. Several energy commodities prices declined on the last business day of the week: WTI oil and Brent oil prices slightly declined yesterday; the prices of gold and silver, on the other hand, edged up on Friday; natural gas Henry Hub future (short term delivery) tumbled down on Friday; the Euro declined again against the USD on Friday. Some other currency pairs including the Aussie dollar depreciated against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for December 7th, 2012:
Forex and Bullion Markets:
On Friday, gold edged up by 0.22% and reached $1,704.5; Silver also edged up by 0.05% to $33.07. During the month, gold fell by 0.37%; silver, by 0.39%.
On Friday, the Euro/USD declined by 0.33% to 1.2927; the U.S Dollar depreciated against some other currencies including Aussie dollar by 0.02%.
WTI oil price slipped by 0.38% to $85.93 per barrel; Brent oil also edged down by 0.01% to $107.02 per barrel;
Thus, the gap between Brent and WTI widen to $21.09/bbl. During the month, WTI decreased by 3.4%; Brent oil, by 3.8%.
Finally, the Henry Hub future (short term delivery) tumbled down again by 3.16% to $3.55/mmbtu.
A Summary for December 7th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: