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%.
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:
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