Gold and silver prices changed direction again and after they had increased on
Monday, they sharply fell yesterday. Crude oil prices also sharply declined;
natural gas future edged up yesterday. The Euro moderately decreased against the
U.S. dollar. Here is a summary of the changes in precious metals and energy
commodities for March 20th, 2012: Precious Metals: Gold price sharply fell by
1.22% to $1,647; Silver price also decreased by 3.4% and reached $31.83. During
March, gold decreased by 3.76% and silver by 8.11%. The Euro/USD slipped
yesterday by 0.1% to 1.3225; furthermore, the U.S Dollar sharply appreciated
against other exchange rates such as the Aussie dollar. Oil and Gas: WTI price
also declined by 0.64% to $105.61 per barrel; Brent oil also sharply decreased
by 2.29% to $124.5 per barrel; Due to these changes, the difference between
Brent and WTI oil prices expanded to $18.89/bbl. During the month, WTI declined
by 1.36% while Brent oil rose by 0.5%. The Henry Hub future (April delivery)
decreased by 0.85% to $2.33/mmbtu; the Henry Hub spot price sharply rose to
$2.19/mmbtu; the difference between the spot and future reached $0.14/mmbtu,
i.e. Contango. A Summary of Changes for March 20th: The table
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