Major energy commodities traded mostly up on the second business day of the week: the price of Brent oil and WTI oil bounced back and rose on Tuesday; natural gas Henry Hub future (short term delivery) also shifted course and spiked yesterday; the price of silver rose while gold inched down on Tuesday; the Euro appreciated against the USD on Tuesday. On the other hand, some other currency pairs such as the Aussie dollar depreciated against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 5th, 2013:
Forex and Bullion Markets:
On Tuesday, gold edged down by 0.17% and reached $1,672.8; silver increased by 0.5% to $31.88. During the month, gold rose by 0.5%; silver rose by 1.72%.
On Tuesday, the Euro/USD rose by 0.5% to 1.3583; the U.S Dollar appreciated against some currencies such as Aussie dollar by 0.45%.
WTI oil price increased by 0.49% to $96.64 per barrel; Brent oil increased by 0.8% to $116.52 per barrel;
Thus, the gap between Brent and WTI expanded to $19.88/bbl. During the month, WTI decreased by 0.87%; Brent oil rose by 0.84%.
Finally, the Henry Hub future (short term delivery) shifted gears and hiked yesterday by 2.53% to $3.4/mmbtu.
A Summary for February 5th:
The table below includes: closing prices, daily percent shifts, and daily changes:
For further reading:
- Gold and Silver Outlook for February 4-8
- Weekly Outlook Financial Markets for February 4-8
- Gold and Silver Outlook for February
- Gold and Silver Yearly Outlook For 2013