Many commodities traded in a mixed trend again on the first business day of the week: the price of Brent oil declined while WTI oil rose on Tuesday; natural gas Henry Hub future (short term delivery) changed direction and spiked yesterday; the prices of silver and gold continued to trade down on Tuesday; the Euro moderately appreciated against the USD on Tuesday. Moreover, several other currencies such as the Aussie dollar also increased against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 19th, 2013:
Forex and Bullion Markets:
On Tuesday, gold decreased by 0.29% and reached $1,604.3; silver also decreased by 1.44% to $29.42. During the month, gold fell by 3.39%; silver, by 6.11%.
On Tuesday, the Euro/USD slightly increased by 0.26% to 1.3386; the U.S Dollar also depreciated against several currencies such as Australian dollar by 0.49%.
WTI oil price increased by 0.83% to $96.66 per barrel; Brent oil, on the other hand, declined by 0.89% to $117.52 per barrel;
Thus, the difference between Brent and WTI contracted to $20.86/bbl. During the month, WTI decreased by 0.85%; Brent oil rose by 1.7%.
Finally, the Henry Hub future (short term delivery) spiked yesterday by 3.71% to $3.27/mmbtu.
A Summary for February 19th:
The table below includes: closing rates, daily percent shifts, and daily changes:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for February 18-22
- Gold and Silver Outlook for February
- Gold and Silver Yearly Outlook For 2013
- How Will the Fiscal Cliff Affect Gold and Silver?