Gold and Silver Started the Week Falling –Recap March 5th

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:

Precious Metals:

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:

 Gold price Silver Crude oil prices, Natural gas 2012 March 5

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