The prices of major commodities mostly declined again on the penultimate business day of the week: the price of Brent oil and WTI oil declined on Thursday; natural gas Henry Hub future (short term delivery) bounced back yesterday; silver and gold traded slightly down on Thursday; the Euro appreciated again against the USD on Thursday. Conversely, several other currencies including the Australian dollar and Japanese yen depreciated against the U.S dollar.
Here is a summary of the daily changes of precious metals and energy commodities as of April 4th, 2013:
Forex and Precious Metals Markets:
On Thursday, gold edged down by 0.07% to $1,552; silver also slipped by 0.11% to $26.77. During the month, gold rose by 2.68%; silver, by 5.39%.
On Thursday, the Euro/USD rallied by 0.65% to 1.2937; the U.S Dollar appreciated against several currencies such as Aussie dollar by 0.25%.
WTI oil price declined again by 1.26% to $93.26 per barrel; Brent oil fell by 0.72% to $106.34 per barrel;
Thus, the gap between Brent and WTI expanded to $13.08/bbl. During the month, WTI declined by 4.08%; Brent oil fell by 3.34%.
Finally, the Henry Hub future (short term delivery) rose yesterday by 1.21% and settled at $3.95/mmbtu.
A Summary for April 4th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading:
- Gold and Silver Outlook for April 1-5
- Weekly Outlook of Financial Markets for April 1-5
- Is it Time to Sell Gold?
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Yearly Outlook For 2013