Thursday, December 22, 2011

Gold and Silver Declined while WTI Oil Rose –Recap December 22

Gold and silver prices slightly declined for the second straight day; WTI oil
price continued to rally, while Brent oil price moderately declined; natural gas
(Henry Hub) spot price changed direction and rose yesterday. Major currencies
were traded slightly up against the US dollar including the Euro and the
Australian dollar. Here is a summary of the price developments of precious
metals and energy commodities for December 22nd: Precious Metals Prices: Gold
price slightly slipped on Thursday by 0.19% and reached $1,610.60; Silver price
also decreased by 0.69% to reach $29.05. During December, gold price declined by
8%, and silver price by 11.45%.

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