Oil Gold and Silver Plummeted on Friday – Recap April 12th

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 April 12

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