Gold Oil and Silver Declined on Thursday –Recap March 22nd

Gold and silver prices continue to shift from gains to losses and moving with an
unclear trend; after they had increased on Wednesday, they have declined
yesterday. Crude oil prices also declined; natural gas future sharply fell
yesterday. The Euro slightly decreased again against the U.S. dollar. Here is a
summary of the changes in precious metals and energy commodities for March 22nd,
2012: Precious Metals: Gold price slightly fell by 0.47% to $1,642.5; Silver
price also decreased by 2.74% and reached $31.35. During March, gold decreased
by 4.02% and silver by 9.52%. The Euro/USD slipped yesterday by 0.11% to 1.3201;
furthermore, the U.S Dollar also appreciated against other exchange rates such
as the Yen. Oil and Gas: WTI price also fell by 1.78% to $104.96 per barrel;
Brent oil also decreased by 0.54% to $123.78 per barrel; Due to these changes,
the difference between Brent and WTI oil prices expanded to $18.82/bbl. During
the month, WTI declined by 1.97% and Brent oil edged down by 0.1%. The Henry Hub
future (April delivery) decreased by 3.81% to $2.27/mmbtu; the Henry Hub spot
price also declined to $2.18/mmbtu; the difference between the spot and future
reached $0.09/mmbtu, i.e. Contango. A Summary