Major commodities were traded again in a mixed trend on the third business day of the week: Brent oil and WTI oil bounced back on Wednesday; natural gas Henry Hub future (short term delivery) rallied again yesterday; silver and gold prices plunged on Wednesday; the Euro also slipped against the USD on Wednesday. On the other hand, several currencies such as the Aussie dollar appreciated against the U.S dollar.
Here is a summary of the daily developments of precious metals and energy commodities as of May 15th, 2013:
Forex and Precious Metals Markets:
On Wednesday, gold plummeted by 1.99% to $1,396; silver also decreased by 3.05% to $22.65. During the month, gold fell by 5.16%; silver, by 6.18%.
On Wednesday, the Euro/USD slipped by 0.26% to 1.2887; conversely, the U.S Dollar also depreciated against several currencies such as Aussie dollar by 0.09%.
WTI oil price rallied by 0.10% to $94.30 per barrel; Brent oil increased by 1.05% to $103.68 per barrel;
Thus, the difference between Brent and WTI expanded to $9.38/bbl. During the month, WTI increased by 0.9%; Brent oil, by 1.28%.
Finally, the Henry Hub future (short term delivery) increased again yesterday by 1.14% and settled at $4.07/mmbtu.
A Summary for May 15th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading: