Silver and Gold Tumbled Down on Thursday – Recap January 24th

Major commodities traded in a mixed trend again on the penultimate business day of the week: the price of Brent oil and WTI oil bounced back yesterday; the prices of gold and silver changed pace and sharply fell on Thursday; natural gas Henry Hub future (short term delivery) changed direction and plunged yesterday; the Euro slightly appreciated against the USD on Thursday. On the other hand, several other currency pairs such as the Aussie dollar and Japanese yen depreciated against the USD.

Here is a summary of the daily changes of precious metals and energy commodities for January 15th, 2013:

Forex and Bullion Markets:

On Thursday, gold fell by 1.00% and reached $1,669.9; silver decreased by 2.2% to $31.70. During the month, gold slipped   by 0.29%; silver increased by 5.1%.

On Thursday,the Euro/USD changed direction and rose by 0.44% to 1.3376; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 1%.

Energy Commodities:

WTI oil price rallied by 0.76% to $95.95 per barrel; Brent oil also increased by 0.43% to $113.28 per barrel;

Thus, the difference between Brent and WTI narrowed to $17.33/bbl. During the month, WTI increased by 4.5%; Brent oil, by 2%.

Finally, the Henry Hub future (short term delivery) plummeted yesterday by 3.04% to $3.45/mmbtu.

A Summary for January 24th:

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

Gold Silver Crude oil Natural gas 2012 January 24

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