Major commodities prices didnt move on the last day of the week in the same
direction as gold price slightly slipped, while silver price moderately
inclined; crude oil prices slightly rose, while natural gas (Henry Hub) prices
sharply declined. The news of the gains in the U.S. core durable goods in
November and the rise in the new home sales may have helped push up crude oil
prices and American stock markets. Major currencies also moved in different
direction and the Euro and GBP slightly fell against the U.S dollar, while AUD
and Yen slightly appreciated against the U.S. dollar. Here is a summary of the
price developments of precious metals and energy commodities for December 23rd:
Precious Metals Prices: Gold price slightly declined on Friday by 0.29% and
reached $1,606.00; Silver price on the other hand increased by 0.13% to reach
$29.08. During December, gold price declined by 8.2%, and silver price by
11.34%.
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