Gold and Crude Oil Prices Higher as Sliver Slips – USD gains vs JPY but lower vs EUR

GBP/USD Chart Graph

(Best Syndication News) Gold and crude oil prices benefited from the upward swing in stock prices around the world Thursday (see the forex and futures charts below). The Japanese yen slipped as European leaders made some headway concerning the Greek sovereign debt crisis.

There is hope that Greek lawmakers will work out a deal with their private bond holders on Monday. Greece has presented details on how they will get the €300 billion cuts to satisfy the troika, but there is no word yet whether the ECB will cut their bonds (not make a profit on them) to help the Hellenic Republic out.

German Prime Minister Angela Merkel had to call off a visit to Italy to meet with Italian Prime Minister Mario Monti. She needs to stay in Germany after German President Christian Wulff resigned in the midst of a political scandal. This could delay a decision on the Greek bailout.

Stock markets are higher in Asia and Europe. The U.S. Department of Labor will release their consumer price index (inflation) data Friday morning.

Precious Metals

April gold on the COMEX added just 30 cents (+0.02%) to $1,728.40 a troy ounce (see the survey #2 settle price chart below). Silver dropped 4 cents (-0.11%) to $33.37 an ounce.

Platinum and copper prices were lower, however, palladium gained in value.

Gold, silver, and other precious metals were higher on the Tokyo Commodity Exchange (TOCOM). Gold gained 63 yen (+1.45%) to ¥4,421 per gram. See the TOCOM chart below for our exclusive dollar conversions.

Energy Prices

March light sweet crude oil (WTI) on the New York Mercantile Exchange (NYMEX) jumped 51 cents (+0.50%) to $102.11 a barrel. Brent crude oil on the Intercontinental Exchange (ICE) added $1.48 (+1.25%) to $120.11 a barrel.

The difference between the two benchmarks was $17.80 a barrel.

Heating oil, coal and natural gas were all higher.

Forex Trading

The British pound sterling (GBP) advanced against all major currencies while the Japanese yen (JPY) declined (see the cross charts below).

The US dollar (USD) declined against most currencies as economic conditions improved in Europe (see the average dollar rate chart below). The USD fell 0.65 percent vs the Australian dollar (AUD), 0.84 percent vs the euro (EUR), 0.75 percent vs the Swiss franc (CHF) and 0.62 percent vs the Canadian dollar.

The greenback turned around against the CAD and AUD later in the day (see intraday chart below). The USD/JPY hit 79.09, the EUR/USD hit 1.3147, the GBP/USD hit 1.5841, the CAD/USD hit 0.9957, the USD/HKD hit 7.7542, and the AUD/USD hit 1.0765.

By: Tom Madison
Business Reporter

TOCOM Chart with our exclusive dollar conversions:

2/16/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,421 Gold (standard) $1,742.63 63 1.45% 2.89% 9.73% 13.80%
84.7 Silver $33.27 2 1.80% 1.19% 19.46% 22.93%
4,172 Platinum (standard) $1,644.48 51 1.24% 0.65% 17.99% 11.97%
1,774 Palladium $699.26 49 2.84% 1.08% 10.67% 18.35%
71,020 Gasoline $3.41 1,280 1.84% 3.91% 7.97% 21.24%
57,070 Crude oil $114.99 1,220 2.18% 4.35% 8.29% 23.18%
318 Rubber $1.83 -6 -1.70% 1.34% 19.68% 3.25%
52.20 Ratio Gold/Silver -0.18 6 -0.35% 1.67% -8.15% -7.43%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey #2 Settle Price Chart:

Thursday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
2/16/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2163.50 Aluminum 3-mo LME -53.00 -2.39% -4.90% 6.68% -4.44%
120.11 Brent crude (not settled) 1.48 1.25% 2.48% 6.54% 15.52%
58.95 Coal 0.20 0.34% 1.34% -14.25% -20.79%
3.79 Copper HG -0.01 -0.28% -4.71% 10.64% 15.58%
102.31 Crude oil (WTI) 0.51 0.50% 2.47% 0.49% 28.13%
2.20 Ethanol ZE CBOT 0.01 0.27% -1.30% 0.78% -12.62%
1728.40 Gold GC 0.30 0.02% -0.74% 6.68% 5.40%
3.21 Heating Oil (HO) 0.02 0.57% 6.54% 5.62% 14.80%
2.57 Natural gas NG HH 0.14 5.86% 3.63% -13.86% -30.64%
696.60 Palladium PA 12.95 1.89% -2.07% 8.19% 8.72%
1626.10 Platinum PL -12.10 -0.74% -2.49% 14.96% 0.80%
3.05 RB RBOB Gasoline 0.04 1.34% 1.14% 11.35% 19.27%
33.37 Silver SI -0.04 -0.11% -1.61% 13.91% 11.04%
728.00 Steel Hot-Roll Coil 0.00 0.00% 1.11% -0.27% 4.30%
52.15 UxC Uranium U3O8 0.00 0.00% 0.00% -0.19% -1.60%
2/16/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
368.6 Average All 1.38 0.38% -1.00% 7.43% -0.35%
690.1 Metals Average 0.18 0.03% -1.66% 10.02% 4.03%
41.8 Energy Average 0.34 0.83% 2.26% -0.63% 8.37%
51.8 Ratio Gold/Silver Prices 0.07 0.13% 0.89% -6.34% -5.08%
-102.3 Difference Plat-Gold -12.40 13.79% 38.99% -50.24% 284.59%
1.06 Ratio Plat/Gold 0.01 0.76% 1.80% -7.20% 4.57%
1.2 Ratio Brent / WTI Prices 0.01 0.74% 0.01% 6.02% -9.84%
$17.80 Difference Brent - CL 0.97 5.76% 2.53% 62.85% -26.20%

Average Dollar Rate Chart:

Thursday Average Surveys 1 - 3 % Change Day % Change Wk % Ch 30-Day Ch 100-Day
2/16/2012 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Pos=$US Gain
0.9292 Average Against Aussie -0.65% -0.17% -5.19% -8.19%
0.7610 Average Against Euro € -0.84% 0.86% -3.01% 3.05%
79.1762 Average Against Yen ¥ 1.11% 2.07% 2.97% 3.71%
0.6313 Average Against Pound £ -1.03% -0.30% -2.59% -1.67%
0.9191 Average Against Franc -0.75% 0.69% -3.62% 1.94%
0.9958 Average Against Canadian -0.62% -0.33% -3.27% -2.90%
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Pos=$US Loss
1.0762 Average Against Aussie 0.66% 0.17% 5.47% 8.92%
1.3141 Average Against Euro 0.85% -0.85% 3.10% -2.96%
0.0126 Average Against Yen -1.10% -2.03% -2.88% -3.58%
1.5841 Average Against Pound 1.04% 0.30% 2.66% 1.70%
1.0880 Average Against Franc 0.76% -0.69% 3.75% -1.90%
1.0042 Average Against Canadian 0.62% 0.33% 3.38% 2.98%

Intraday Chart:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 2/16/2012 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 12:00 AM 6:00PM 9:30PM Intra-Day
0.33% USD/JPY 78.91 79.15 79.09 0.23%
0.91% EUR/USD 1.314 1.3117 1.3147 0.05%
0.72% GBP/USD 1.5801 1.5794 1.5841 0.25%
-0.55% CAD/USD 0.996 0.9963 0.9957 -0.03%
-0.01% USD/HKD 7.754 7.7546 7.7542 0.00%
0.64% AUD/USD 1.0756 1.0766 1.0765 0.08%
0.00% USD/CNY 6.3014 6.2994 6.2986 -0.04%

Cross Tables:

Survey 1 February 15 2012 6:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.129 1.0762 1.0041 1.0879 1.5839 0.0126 1.314 -
EUR € 0.0981 0.819 0.7642 0.8279 1.2054 0.0096 - 0.761
JPY ¥ 10.1996 85.1158 79.4125 86.0425 125.269 - 103.922 79.0885
GBP £ 0.0814 0.6795 0.6339 0.6869 - 0.008 0.8296 0.6313
CHF franc 0.1185 0.9892 0.9229 - 1.4559 0.0116 1.2078 0.9192
CAD 0.1284 1.0718 - 1.0835 1.5774 0.0126 1.3086 0.9959
AUD 0.1198 - 0.933 1.0109 1.4717 0.0117 1.221 0.9292
HKD 8.345 7.7859 8.4359 12.2818 0.098 10.1889 7.7541

One-Day Change:

Pos Means Top Currency Gained One Day Change February 15 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% 0.655% 0.611% 0.731% 1.027% -1.563% 0.836%
EUR € -0.909% -0.183% -0.209% -0.109% 0.183% -2.041% -0.834%
JPY ¥ 0.893% 1.551% 1.508% 1.632% 1.922% 1.734% 0.887%
GBP £ -1.094% -0.352% -0.408% -0.276% -1.235% -0.180% -1.019%
CHF -0.754% -0.081% -0.130% 0.282% -1.695% 0.099% -0.734%
CAD -0.619% 0.037% 0.120% 0.401% -1.563% 0.222% -0.619%
AUD $ -0.663% -0.043% 0.079% 0.361% -1.681% 0.181% -0.652%
HKD 0.651% 0.610% 0.732% 1.019% -0.910% 0.833% -0.006%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change February 15 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.16% 5.45% 3.27% 3.75% 2.67% -3.08% 3.09%
EUR -2.87% 2.29% 0.18% 0.64% -0.40% -5.88% -3.00%
JPY 3.01% 8.46% 6.22% 6.72% 5.60% 6.04% 2.86%
GBP -2.51% 2.71% 0.57% 1.06% -4.76% 0.41% -2.61%
CHF -3.50% 1.63% -0.47% -1.05% -6.45% -0.64% -3.62%
CAD -3.02% 2.11% 0.47% -0.59% -5.97% -0.18% -3.17%
AUD -5.07% -2.07% -1.61% -2.64% -7.87% -2.23% -5.16%
HKD 5.30% 3.12% 3.60% 2.52% -2.97% 2.94% -0.15%

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