Thursday, February 23, 2012

Gold and Oil Continued to Trade Up –Recap February 22

Many commodities prices continued yesterday their upward trend but at a slower
pace than they have had on Tuesday: crude oil prices moderately increased; gold
price also rose, while silver slightly declined; natural gas future price also
rose yesterday. The Euro slightly appreciated against the US Dollar while other
major currencies (Aussie dollar) depreciated again against the U.S dollar. Here
is a summary of the developments of precious metals and energy commodities for
February 22nd, 2012: Precious Metals: Gold price increased again on Wednesday by
0.11% to $1,771.3; Silver price on the other hand slightly fell by 0.5% and
reached $34.33. During February, gold increased by 1.8% and silver by 3.2%.

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