Saturday, December 24, 2011

Commodities Ended the Week with Light Changes –Recap December 23

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DG365FD46564GFH654FU898 Major commodities prices didn’t 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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