Gold and Silver Slightly Rose on Wednesday –Recap March 21st

Gold and silver prices continue to zigzag and after they had decreased on
Tuesday, they bounced back yesterday. Crude oil traded with mixed trend as WTI
was traded up while Brent slightly declined; natural gas future also rose
yesterday. The Euro moderately decreased again against the U.S. dollar. Here is
a summary of the changes in precious metals and energy commodities for March
21st, 2012: Precious Metals: Gold price slightly rose by 0.2% to $1,650; Silver
price also increased by 1.23% and reached $32.23. During March, gold decreased
by 3.56% and silver by 6.97%. The Euro/USD slipped yesterday by 0.07% to 1.3216;
furthermore, the U.S Dollar also moderately appreciated against other exchange
rates such as the Canadian dollar. Oil and Gas: WTI price also rose by 1.18% to
$106.86 per barrel; Brent oil on the other hand decreased by 0.04% to $124.45
per barrel; Due to these changes, the difference between Brent and WTI oil
prices shrunk to $17.59/bbl. During the month, WTI declined by 0.2% while Brent
oil edged up by 0.2%. The Henry Hub future (April delivery) increased by 1.29%
to $2.36/mmbtu; the Henry Hub spot price remained unchanged at $2.19/mmbtu; the
difference between the spot and future