Gold and silver prices continue to zigzag as they have declined on the last trading day of the week; crude oil prices also sharply fell on Friday after they had risen for two consecutive days; natural gas future price moderately increased. The Euro sharply depreciated again against the US Dollar.
Here is a summary of the developments of precious metals and energy commodities for March 2nd, 2012:
Gold price decreased on Friday by 0.72% to $1,709.8; Silver price sharply fell by 3.19% and reached $34.53. During the week, gold decreased by 3.7% and silver by 2.5%.
The Euro/USD was traded down by 0.85% to 1.3198; the U.S Dollar appreciated against other exchange rates including the Canadian dollar.
Oil and Gas:
WTI price sharply decreased by 1.97% to $106.70 per barrel; Brent oil also decreased by 1.57% to $124.39 per barrel;
Due to these changes, the difference between Brent and WTI oil prices increased to $17.69/bbl. During the week, WTI slipped by 2.5% and Brent by 1.8%.
The Henry Hub future price (April delivery) edged up by 0.81% to $2.48/mmbtu; the Henry Hub fell to $2.36/mmbtu; the difference between the spot and future reached $0.12/mmbtu, i.e. Contango.
A Summary of Changes for March 2nd:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: