Gold price continued its downward trend from Friday and declined on the first day of the week, while silver priced moderately inclined; crude oil prices also slipped yesterday; on the other hand natural gas spot price rallied on Monday. Major currencies such as Euro and Australian dollar changed direction and moderately appreciated against the U.S dollar. Here is a summary of the price developments of precious metals and energy commodities for January 9th, 2012:
Precious Metals Prices:
Gold price moderately declined on Monday by 0.54% to $1,608.10; Silver price on the other hand rose by 0.35% to reach $28.78. During January, gold price inclined by 2.6%, and silver price by 3.11%.
The Euro/USD rallied yesterday and rose by 0.38% to 1.2765; the U.S Dollar depreciated against other currencies such as the Australian dollar.
Oil and Gas Prices:
WTI oil price slightly fell yesterday by 0.25% to $101.31 per barrel; Brent oil price also decreased by 1.13% to $111.78 per barrel;
