Major commodities traded mostly down on the first business day of the week: the price of Brent oil and WTI oil changed direction and fell yesterday; natural gas Henry Hub future (short term delivery) also changed course and inched up yesterday; the price of silver declined while gold slightly increased on Monday; the Euro sharply depreciated again against the USD on Monday. On the other hand, several other currency pairs such as the Aussie dollar appreciated against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 4th, 2013:
Forex and Bullion Markets:
On Monday, gold rose by 0.35% and reached $1,675.7; silver decreased by 0.76% to $31.72. During the month, gold rose by 0.91%; silver rose by 1.22%.
On Monday, the Euro/USD fell by 0.92% to 1.3515; the U.S Dollar depreciated against some currencies such as Aussie dollar by 0.29%.
WTI oil price decreased by 1.64% to $96.17 per barrel; Brent oil decreased by 0.99% to $115.6 per barrel;
Thus, the difference between Brent and WTI expanded to $19.43/bbl. During the month, WTI decreased by 1.35%; Brent oil inched up by 0.04%.
Finally, the Henry Hub future (short term delivery) edged up yesterday by 0.42% to $3.32/mmbtu.
A Summary for February 4th:
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