Major commodities traded mostly down on the last business day of the week: the prices of Brent and WTI oil tumbled down on Friday; natural gas Henry Hub future (short term delivery) continued to rally yesterday; silver and gold prices changed course and plummeted on Friday; the Euro slightly appreciated again against the USD on Friday. Conversely, several other currencies such as the Aussie dollar depreciated vs. the U.S dollar.
Here is a summary of the daily changes of precious metals and energy commodities as of April 12th, 2013:
Forex and Precious Metals Markets:
On Friday, gold tumbled down by 4.93% to $1,501.0; silver also sharply fell by 4.93% to $26.33. During the month, gold declined by 5.88%; silver, by 6.93%.
On Friday, the Euro/USD slightly rose by 0.10% to 1.3113; on the other hand, the U.S Dollar slightly appreciated against several currencies such as Canadian dollar by 0.31%.
WTI oil price declined again by 2.37% to $93.29 per barrel; Brent oil decreased by 1.11% to $103.11 per barrel;
Thus, the gap between Brent and WTI expanded to $11.82/bbl. During April, WTI declined by 6.11%; Brent oil, by 6.28%.
Finally, the Henry Hub future (short term delivery) sharply increased yesterday by 2.01% and settled at $4.22/mmbtu.
A Summary for April 12th:
The table below includes: closing rates, daily percent changes, and daily changes:
For further reading: