Euro and Brent Oil Edged Up on Monday– Recap September 3rd

September 4, 2012

There was no trading on Monday at Nymex or CME due to the an American National Holiday (Labor day): Brent oil edged up on the first trading day of the month; gold and silver remained unchanged but were traded up in the Asian markets; natural gas Henry Hub future (October delivery) and spot also remained unchanged on Monday; the Euro edged up on Monday. Several other currency pairs including the Aussie dollar/USD decreased.

Here is a summary of the daily changes in precious metals and energy commodities for September 3rd, 2012:

Forex and Bullion Markets:

On Friday, gold rose by 1.84% to $1,687.6; Silver also increased by 3.27% to reach $31.44. During the month, gold increased by 4.52%; silver, by 12.64%.

On Monday, the Euro/USD rose by 0.11% to 1.2593; on the other hand, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.72%.

Energy Commodities:

WTI oil price remained flat yesterday at $96.47 per barrel;

Brent oil rose by 0.27% to $115.77 per barrel;

Following these changes, the gap between Brent and WTI rose to $19.30/bbl. During last month, WTI increased by 9.55% and Brent oil by 9%.

Finally, the Henry Hub future (October delivery) remained at $2.8/mmbtu; the Henry Hub spot also remained at $2.74/mmbtu; the difference between the spot reached $0.06, contango.

A Summary for September 3rd:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 September 3

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