Silver and Gold Rallied on Tuesday – Recap January 8th

Major commodities traded in a mixed trend again on the second business day of the week: the price of Brent oil increased while WTI oil edged down; the prices of gold and silver rose on Tuesday; natural gas Henry Hub future (short term delivery) declined again yesterday; the Euro slightly decreased against the USD on Tuesday. Moreover, several other currency pairs such as the Aussie depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for January 8th, 2013:

Forex and Bullion Markets:

On Tuesday, gold bounced back by 0.97% and reached $1,662.2; silver also increased by 1.27% to $30.44. During the month, gold decreased by 0.75%; silver rose by 0.87%.

On Tuesday,the Euro/USD fell by 0.25% to 1.3084; the U.S Dollar appreciated against some other currencies such as Aussie dollar by 0.04%.

Energy Commodities:

WTI oil price slipped by 0.04% to $93.15 per barrel; Brent oil increased again by 0.48% to $111.94 per barrel;

Thus, the gap between Brent and WTI widen to $18.79/bbl. During the month, WTI increased by 1.4%; Brent oil, by 0.7%.

Finally, the Henry Hub future (short term delivery) fell again by 1.47% to $3.22/mmbtu.

A Summary for January 8th:

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

Gold Silver Crude oil Natural gas 2012 January 8

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