Many commodities prices traded mostly down on the first business day of the week: the price of Brent oil declined while WTI oil bounced back on Monday; natural gas Henry Hub future (short term delivery) inched up yesterday; the prices of silver and gold sharply declined on Monday; the Euro slightly appreciated against the USD on Monday. Conversely, some other currency pairs such as the Aussie dollar depreciated against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 11th, 2013:
Forex and Bullion Markets:
On Monday, gold declined by 1.07% and reached $1,648.4; silver also fell by 1.69% to $30.91. During the month, gold decreased by 0.73%; silver, by 1.36%.
On Monday, the Euro/USD rose by 0.29% to 1.3404; the U.S Dollar appreciated against some currencies such as Aussie dollar by 0.62%.
WTI oil price bounced back and rose by 1.37% to $97.03 per barrel; Brent oil decreased by 0.65% to $118.13 per barrel;
Thus, the difference between Brent and WTI contracted to $21.1/bbl. During the month, WTI decreased by 0.47%; Brent oil rose by 2.23%.
Finally, the Henry Hub future (short term delivery) inched up yesterday by 0.24% to $3.28/mmbtu.
A Summary for February 11th:
The table below includes: closing prices, daily percent shifts, and daily changes:
For further reading:
- Gold and Silver Outlook for February 11-15
- Weekly Outlook Financial Markets for February 11-15
- Gold and Silver Outlook for February
- Gold and Silver Yearly Outlook For 2013