Monday, February 6, 2012

Gold and Oil Prices Started the Week Declining –Recap February 6

Major commodities prices started off the week on a negative note as gold price
declined again for the second consecutive business day; crude oil (WTI) price
also decreased, while Brent oil price rose again. The Euro and many other
currencies slightly fell yesterday against the U.S dollar. Here is a summary of
the developments of precious metals and energy commodities for February 6th,
2012: Precious Metals: Gold price decreased on Monday by 0.88% to $1,724.9;
Silver price on the other hand remained virtually unchanged at $33.75. During
February, gold decreased by 0.9% while silver rose by 1.47%.

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