Gold and silver prices continued their decline from the end of last week and finished yesterday in the red for the second consecutive business day; crude oil prices remained virtually unchanged as WTI slightly rose while Brent oil moderately decreased; natural gas future price tumbled again. The Euro slightly appreciated again against the US Dollar.
Here is a summary of the developments of precious metals and energy commodities for March 5th, 2012:
Gold price decreased on Monday by 0.35% to $1,703.9; Silver price also sharply fell by 2.4% and reached $33.70. During March, gold decreased by 0.4% and silver by 2.73%.
The Euro/USD was traded up by 0.14% to 1.3217; the U.S Dollar appreciated against some other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price slightly increased by 0.02% to $106.72 per barrel; Brent oil on the other hand decreased by 0.08% to $124.29 per barrel;
Due to these changes, the difference between Brent and WTI oil prices slipped to $17.57/bbl. During the month, WTI slipped by 0.3% while Brent rose by 0.3%.
The Henry Hub future price (April delivery) tumbled by 5.24% to $2.35/mmbtu; the Henry Hub also fell to $2.31/mmbtu; the difference between the spot and future reached $0.04/mmbtu, i.e. Contango.
A Summary of Changes for March 5th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: