Gold Prices Advance while Silver Slips – USD down vs EUR and JPY – WTI and Brent Crude Oil Lower

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(Best Syndication News) The dollar fell broadly Monday while optimism in Greece turned to frustration (see forex and futures charts below). Gold prices advanced slightly while silver and crude oil futures slipped.

World Economic News

Lack of a substantive solution in Brussels Monday failed to halt advancing stock prices in Asia early Tuesday, despite a down-day in the United States. German Chancellor Angela Merkel expressed her aggravation Monday after the Summit, saying the Greek government needs to enact more austerity measures.


Inflation in Germany was in line with analyst expectations. The German consumer price index (CPI) fell 0.4 percent in January from December. At an annual rate, prices increased only 2.0 percent.

The U.S. Department of Commerce reported that disposable personal income (DPI) increased 0.5 percent in December (month on month). Personal consumption expenditures (PCE) decreased $2.0 billion; or less than 0.1 percent during the same time period.

Year on year, PCE increased 2.4 percent. The core PCE increased 0.2 percent month on month (MoM) and 1.8 percent year on year (YoY).

Precious Metals

March gold on the COMEX added $2.20 (+0.13%) to $1,734.40 a troy ounce (see the survey #2 chart below).

Silver on the COMEX declined 26 cents (-0.78%) to $33.53 a troy ounce. The ratio between gold and silver was 51.7.

Copper, platinum, and palladium were both lower.

Precious metals were lower on the Tokyo Commodity Exchange (TOKOM). Gold on the TOCOM fell 19 yen (-0.44%) to ¥4,266 per gram. See the TOCOM chart below for our exclusive dollar conversions.

Energy Prices

Light sweet crude oil (WTI) fell 78 cents (0.78%) to $98.78 a barrel. Brent crude oil futures on the Intercontinental Exchange (ICE) fell 71 cents (-0.64%) to $110.75 a barrel. The difference between Brent and WTI expanded to $11.97.

Heating oil, natural gas, and coal were all lower.

Middle East oil supply fears were softened by an announcement by Saudi Arabia; however, eurozone economic fears have put downward pressure on the commodity.

Currency Exchange Rates

The Canadian dollar (CAD) and the Australian dollar (AUD) gained versus other major currencies (see the cross tables below). The U.S. dollar (USD) declined against all major currencies.

The USD declined 0.12 percent vs the euro (EUR), 0.59 percent vs the Japanese yen (JPY), 0.31 percent vs the British pound sterling (GBP), and 0.16 percent vs the Swiss franc (CHF). See the average dollar rate chart below.

The USD turned around vs the EUR (see the intraday chart below). The USD/JPY hit 76.33, the EUR/USD hit 1.3177, the GBP/USD hit 1.5736, the CAD/USD hit 1.0009, the USD/HKD hit 7.7561, and the AUD/USD hit 1.0624.

By: Tom Madison
Business Reporter

TOCOM Chart with our exclusive dollar conversions:

1/30/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,266 Gold (standard) $1,729.98 -19 -0.44% 2.55% 8.52% -9.23%
81.6 Silver $33.09 -1 -1.57% 2.26% 13.49% -22.14%
3,960 Platinum (standard) $1,605.89 -58 -1.44% 1.83% 11.93% -15.38%
1,690 Palladium $685.34 -15 -0.88% -1.05% 8.26% -10.86%
65,570 Gasoline $3.24 -760 -1.15% -0.64% 6.07% 4.29%
51,460 Crude oil $106.68 -570 -1.10% -0.83% 4.85% -0.64%
309.7 Rubber $1.83 -7 -2.15% 1.04% 15.13% -14.64%
52.28 Ratio Gold/Silver 1 1.14% 0.29% -4.38% 16.57%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey #2 Settle Price Chart:

Monday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
1/30/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2243.50 Aluminum 3-mo LME -18.50 -0.82% 1.01% 13.02% -5.89%
110.75 Brent crude (not settled) -0.71 -0.64% 0.10% 6.90% -1.90%
61.22 Coal -0.23 -0.37% 1.81% -9.26% -18.43%
3.83 Copper HG -0.06 -1.61% 0.74% 17.13% -5.27%
98.78 Crude oil (WTI) -0.78 -0.78% -0.80% 5.23% 14.83%
2.17 Ethanol ZE CBOT -0.03 -1.41% 0.60% 5.04% -23.08%

1734.40

Gold GC 2.20 0.13% 3.34% 9.97% -7.41%
3.05 Heating Oil (HO) -0.02 -0.61% 1.40% 8.12% 1.38%
2.71 Natural gas NG HH -0.04 -1.56% 7.45% -13.24% -31.11%
688.10 Palladium PA -1.65 -0.24% -0.03% 11.19% -7.94%
1613.70 Platinum PL -6.70 -0.41% 3.50% 14.69% -13.16%
2.87 RB RBOB Gasoline -0.06 -1.92% 3.34% 15.40% 1.70%
33.53 Silver SI -0.26 -0.78% 3.90% 14.53% -19.83%
725.00 Steel Hot-Roll Coil 0.00 0.00% -1.09% 5.84% 4.32%
52.25 UxC Uranium U3O8 0.00 0.00% -0.48% -0.95% 3.57%
1/30/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
366.6 Average All -0.60 -0.16% 2.07% 10.40% -7.64%
687.6 Metals Average -1.08 -0.16% 2.78% 11.86% -9.82%
40.2 Energy Average -0.27 -0.66% 0.26% 2.22% -1.74%
51.7 Ratio Gold/Silver Prices 0.47 0.91% -0.53% -3.98% 15.48%
-120.7 Difference Plat-Gold -8.90 7.96% 1.26% -29.08% 699.34%
1.07 Ratio Plat/Gold 0.01 0.54% -0.15% -4.12% 6.61%
1.1 Ratio Brent / WTI Prices 0.00 0.15% 0.91% 1.59% -14.57%
$11.97 Difference Brent - CL 0.07 0.59% 8.23% 23.02% -55.45%

Average Dollar Rates:

Monday Average Surveys 1 - 3 Change Day Change Wk Ch 30-Day Ch 100-Day
1/30/2012 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Pos=$US Gain
0.9407 Average Against Aussie -0.70% -0.92% -6.45% -0.07%
0.7589 Average Against Euro € -0.12% -1.08% -1.16% 6.83%
76.3101 Average Against Yen ¥ -0.59% -2.12% -2.14% -1.41%
0.6354 Average Against Pound £ -0.31% -0.82% -1.53% 1.30%
0.9149 Average Against Franc -0.16% -1.44% -2.27% 5.95%
1.0002 Average Against Canadian -0.52% -1.05% -3.53% 1.55%
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Pos=$US Loss
1.0631 Average Against Aussie 0.70% 0.93% 6.90% 0.07%
1.3177 Average Against Euro 0.12% 1.09% 1.17% -6.39%
0.0131 Average Against Yen 0.59% 2.16% 2.18% 1.43%
1.5738 Average Against Pound 0.31% 0.83% 1.55% -1.29%
1.0930 Average Against Franc 0.16% 1.46% 2.33% -5.62%
0.9998 Average Against Canadian 0.53% 1.06% 3.66% -1.52%

Intra-Day Chart:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 1/30/2012 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 12:00 AM 6:00PM 9:30PM Intra-Day Average
0.00% USD/JPY 76.74 76.74 76.33 -0.53% 76.603
0.00% EUR/USD 1.3213 1.3213 1.3177 -0.27% 1.320
0.00% GBP/USD 1.5727 1.5727 1.5736 0.06% 1.573
0.00% CAD/USD 1.0021 1.0021 1.0009 -0.12% 1.002
0.00% USD/HKD 7.7551 7.7551 7.7561 0.01% 7.755
0.00% AUD/USD 1.0633 1.0633 1.0624 -0.08% 1.063
0.00% USD/CNY 6.333 6.333 6.3163 -0.26% 6.327

Cross Tables:

Survey 1 January 30 2012 6:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.1289 1.063 0.9996 1.0928 1.5738 0.0131 1.3176 -
EUR € 0.0979 0.8067 0.7587 0.8294 1.1944 0.0099 - 0.759
JPY ¥ 9.8399 81.1238 76.292 83.4038 120.11 - 100.559 76.3195
GBP £ 0.0819 0.6754 0.6352 0.6944 - 0.0083 0.8372 0.6354
CHF franc 0.118 0.9727 0.9147 - 1.4401 0.012 1.2057 0.9151
CAD 0.129 1.0633 - 1.0932 1.5743 0.0131 1.3181 1.0004
AUD 0.1213 - 0.9404 1.0281 1.4806 0.0123 1.2396 0.9408
HKD 8.2444 7.7534 8.4761 12.2065 0.1016 10.2195 7.7561

One-Day Change:

Pos Means Top Currency Gained One Day Change January 30 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.000% 0.720% 0.563% 0.174% 0.357% 0.769% 0.167%
EUR € -0.102% 0.548% 0.410% 0.012% 0.193% 0.000% -0.158%
JPY ¥ -0.461% 0.233% 0.086% -0.305% -0.127% -0.318% -0.482%
GBP £ -0.365% 0.357% 0.221% -0.173% 0.000% -0.191% -0.361%
CHF -0.169% 0.548% 0.384% 0.181% 0.000% -0.008% -0.175%
CAD -0.540% 0.141% -0.392% -0.216% 0.000% -0.400% -0.567%
AUD $ -0.655% -0.149% -0.542% -0.357% -0.806% -0.546% -0.707%
HKD 0.699% 0.550% 0.157% 0.336% 0.395% 0.144% -0.022%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change January 30 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.31% 6.69% 3.20% 2.62% 1.30% 2.34% 1.08%
EUR -0.71% 5.55% 2.10% 1.52% 0.22% 1.02% -1.07%
JPY -1.69% 4.54% 1.12% 0.55% -0.74% -0.96% -2.02%
GBP -0.97% 5.32% 1.88% 1.30% 0.00% -0.21% -1.29%
CHF -2.24% 3.97% 0.56% -1.28% -0.83% -1.50% -2.55%
CAD -2.79% 3.37% -0.56% -1.85% -1.50% -2.05% -3.10%
AUD -5.97% -3.27% -3.82% -5.05% -4.65% -5.26% -6.27%
HKD 6.34% 2.87% 2.29% 0.97% 1.70% 0.75% -0.33%

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