Silver and Gold Inched Up on Wednesday – Recap February 6th

Major commodities traded mostly up on the third business day of the week: the price of Brent oil slightly increased while WTI oil inched down on Wednesday; natural gas Henry Hub future (short term delivery) rose again yesterday; the prices of silver and gold increased on Wednesday; the Euro depreciated against the USD on Wednesday. Moreover, some other currency pairs such as the Aussie dollar also depreciated against the USD.

Here is a summary of the daily changes of precious metals and energy commodities for February 6th, 2012:

Forex and Bullion Markets:

On Wednesday, gold slightly rose by 0.32% and reached $1,678.1; silver inched up by 0.5% to $31.88. During the month, gold rose    by 1.05%; silver rose by 1.73%.

On Wednesday, the Euro/USD fell by 0.43% to 1.3524; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 0.67%.

Energy Commodities:

WTI oil price slipped by 0.02% to $96.62 per barrel; Brent oil increased by 0.18% to $116.73 per barrel;

Thus, the difference between Brent and WTI expanded to $20.11/bbl. During the month, WTI decreased by 0.89%; Brent oil rose by 1.02%.

Finally, the Henry Hub future (short term delivery) rose again yesterday by 0.56% to $3.42/mmbtu.

A Summary for February 6th:

The table below includes: closing prices, daily percent shifts, and daily changes:

Gold Silver Crude oil Natural gas 2012 Feb 6

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