Gold and Crude Oil Continued to Trade Up –Recap January 4

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DG365FD46564GFH654FU898 Gold price continued to rally and rose for the second consecutive day while silver prices changed direction and moderately declined; crude oil continued to trade up, while natural gas spot price declined. Major currencies such as Euro and Australian dollar changed direction and depreciated against the U.S dollar. Here is a summary of the price developments of precious metals and energy commodities for January 4th, 2012: Precious Metals Prices: Gold price rose on Wednesday by 0.76% to $1,612.70; Silver price on the other hand decreased by 1.61% to reach $29.10. During January, gold price inclined by 2.9%, and silver price by 4.23%.