Silver and Oil Traded Up on Friday – Recap January 18th

Major commodities were traded mostly up on the last business day of the week: the price of Brent oil remained flat while WTI oil rose again yesterday; the price of gold edged down while  silver increased on Friday; natural gas Henry Hub future (short term delivery) rallied again yesterday; the Euro slipped against the USD on Friday. Moreover, several other currency pairs such as the Aussie dollar also depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for January 18th, 2013:

Forex and Bullion Markets:

On Friday, gold declined by 0.22% and reached $1,687; silver increased by 0.43% to $31.92. During the month, gold rose   by 0.73%; silver, by 5.8%.

On Friday,the Euro/USD decreased by 0.41% to 1.3321; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 0.34%.

Energy Commodities:

WTI oil price inched up by 0.07% to $95.56 per barrel; Brent oil remained flat again at $110.61 per barrel;

Thus, the difference between Brent and WTI narrowed again to $15.05/bbl. During the month, WTI increased by 4.1%; Brent oil declined by 0.5%.

Finally, the Henry Hub future (short term delivery) sharply increased again yesterday by 2.06% to $3.57/mmbtu.

A Summary for January 18th:

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

Gold Silver Crude oil Natural gas 2012 January 18

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