Major commodities prices started off the week on a positive note as crude oil
prices and metals prices such as gold and silver sharply increased yesterday.
Some consider this rally to be related with the recent news from EU regarding
the approval of the second bailout package for Greece. Natural gas prices on the
other hand sharply decreased yesterday. The Euro slightly depreciated against
the US Dollar along with other major currencies (Canadian dollar) that also
depreciated against the U.S dollar. Here is a summary of the developments of
precious metals and energy commodities for February 21st, 2012: Precious Metals:
Gold price sharply increased on Tuesday by 1.89% to $1,758.5; Silver price also
rose by 3.66% and reached $34.50. During February, gold increased by 1% and
silver by 3.72%.
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