Silver and Oil Edged Up on Monday – Recap January 7th

Major commodities moved in a mixed trend on the first business day of the week: the price of Brent oil and WTI oil changed edged up; the prices of gold slipped while silver rose on Monday; natural gas Henry Hub future (short term delivery) declined yesterday; the Euro slightly rose against the USD on Monday. Moreover, several other currency pairs such as the CAD also appreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for January 7th, 2013:

Forex and Bullion Markets:

On Monday, gold slipped by 0.37% and reached $1,646.3; Silver increased by 0.46% to $30.05. During the month, gold decreased by 1.7%; silver, by 0.39%.

On Monday,the Euro/USD rose by 0.37% to 1.3117; the U.S Dollar depreciated against some other currencies such as Canadian dollar by 0.13%.

Energy Commodities:

WTI oil price increased by 0.11% to $93.19 per barrel; Brent oil increased again by 0.08% to $111.4 per barrel;

Thus, the gap between Brent and WTI narrowed again to $18.21/bbl. During the month, WTI increased by 1.5%; Brent oil, by 0.3%.

Finally, the Henry Hub future (short term delivery) declined by 0.64% to $3.27/mmbtu.

A Summary for January 7th:

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

Gold Silver Crude oil Natural gas 2012 January 7

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