Major commodities changed direction and on the last day of the week many commodities rates rose. Perhaps the speculation over the next move of BOC after the disappointing GDP growth rate came out on Friday may have triggered this rally. Crude oil prices including both WTI and Brent rose on Friday; gold changed direction and after three consecutive days of falls it hiked; silver rose again for the third straight day. Natural gas Henry Hub (August delivery) edged down but the spot price rose. The Euro edged up against the USD. Many other currencies rates including the Aussie dollar also rose against USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 13th, 2012:
Forex and Bullion Markets:
Gold changed direction and rose by 1.71% to $1,592.0; Silver also increased by 0.77% and reached $27.37. During July, gold decreased by 0.76% and silver by 0.88%.
The Euro/USD edged up by 0.38% to 1.2249; further, the U.S Dollar fell against several currencies such as Aussie dollar by 0.86%.
WTI oil price rose yesterday by 1.18% to $87.10 per barrel;
Brent oil also edged increased by 2.16% to $102.62 per barrel;
Following these changes, the difference between Brent and WTI reached $15.52/bbl. During the month, WTI rose by 2.52% and Brent oil by 5.8%.
A Summary for July 13th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: