Gold and Oil Edged Up on Friday –Recap August 17th

Many commodities traded with a mixed trend on the last day of the week: crude oil price (WTI) rose yesterday for the fourth consecutive day while Brent oil fell; gold edged up for the third straight day while silver declined; natural gas Henry Hub future (September delivery) remained unchanged while spot prices fell on Friday; The Euro changed direction again and decreased on Friday. Several exchange rates including the Aussie dollar also traded down against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 17th, 2012:

Forex and Bullion Markets:

Gold edged up again by 0.01% to $1,619.4; Silver fell by 0.75% to reach $28.09. During the month, gold increased by 0.30%; silver, by 0.62%.

The Euro/USD also fell by 0.17% to 1.2335; further, the U.S Dollar appreciated against several other currencies such as Aussie dollar by 0.88%.

Energy Commodities:

WTI oil price rose again yesterday by 0.43% to $96.01 per barrel;

Brent oil declined by 0.72% to $115.77 per barrel;

Following these changes, the difference between Brent and WTI declined to $19.76/bbl. During the month, WTI increased by 9.03% and Brent oil by 9.3%.

Finally, the Henry Hub future (September delivery) remained unchanged at $2.72/mmbtu; the Henry Hub spot fell to $2.71/mmbtu; the difference between the spot reached $0.01, Contango.

A Summary for August 17th:

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

Gold Silver Crude oil Natural gas 2012 August 17

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