Following the recent FOMC meeting in which there was no news of another stimulus
plan many currencies sharply declined against the US dollar; major commodities
were traded with mixed trends: Gold price slightly declined while silver price
moderately rose; crude oil prices bounced back and sharply rose; natural gas
spot prices (Henry Hub) slightly slipped. Major currencies such as Euro and CAD
depreciated again against the US dollar. Here is a summary of the price
developments of precious metals and energy commodities for December 13th:
Precious Metals Prices: Gold price slightly declined on Tuesday by 0.31% and
reached $1,663.40; Silver price on the other hand sharply rose by 0.83% to reach
$31.26. During December, gold price declined by 5.0%, and silver price by
4.71%.
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