Major commodities were traded in a mixed trend again on the second business day of the week: the price of Brent oil slipped while WTI oil rose on Tuesday; natural gas Henry Hub future (short term delivery) inched down yesterday; silver and gold prices sharply rose on Tuesday; the Euro changed direction and slightly depreciated against the USD on Tuesday. Conversely, several other currencies such as the Aussie dollar appreciated against the US dollar.
Here is a summary of the daily changes of precious metals and energy commodities for March 12th, 2013:
Forex and Bullion Markets:
On Tuesday, gold sharply rose by 0.87% to $1,591; silver also increased by 1.1% to $29.15. During the month, gold rose by 0.89%; silver, by 2.64%.
On Tuesday, the Euro/USD inched down by 0.07% to 1.3035; the U.S Dollar depreciated against a few currencies such as Australian dollar by 0.36%.
Energy Commodities:
WTI oil price rose again by 0.52% to $92.54 per barrel; Brent oil slipped again by 0.52% to $109.65 per barrel;
Thus, the gap between Brent and WTI contracted again to $18.16/bbl. During the month, WTI rose by 0.53%; Brent oil decreased by 1.55%.
Finally, the Henry Hub future (short term delivery) changed course and slipped yesterday by 0.11% to reach $3.65/mmbtu.
A Summary for March 12th:
The table below includes: closing rates, daily percent changes, and daily shifts:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for March 11-15
- Weekly Outlook of Financial Markets for March 11-15
- Gold and Silver Outlook for March
- Gold and Silver Yearly Outlook For 2013