Gold Silver and Oil Sharply Rose Yesterday –Recap February 21

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DG365FD46564GFH654FU898 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%.