Crude oil changed direction and after oil prices sharply rose during last week,
this week started with oil prices declining; gold price also slipped, while
silver slightly increased; natural gas future prices sharply rose yesterday. The
Euro slightly depreciated again against the US Dollar while other major
currencies (e.g. Aussie dollar) rose against the U.S dollar. Here is a summary
of the developments of precious metals and energy commodities for February 27th,
2012: Precious Metals: Gold price slightly decreased on Monday by 0.08% to
$1,774.9; Silver price on the other hand slightly rose by 0.52% and reached
$35.60. During February, gold increased by 2.0% and silver by 7.04%.
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