Major commodities traded in a mixed trend on Thursday: WTI oil edged down while Brent oil hiked after it had declined for three consecutive days; gold slipped while silver declined; natural gas Henry Hub future (October delivery) and spot price rose on Thursday; the Euro depreciated against the USD on Thursday. Several other currency pairs including the Aussie dollar/USD also traded down.
Here is a summary of the daily developments of precious metals and energy commodities for September 20th, 2012:
Forex and Bullion Markets:
On Thursday, gold edged down by 0.08% to $1,770.2; Silver rose by 0.27% to reach $34.68. During the month, gold increased by 4.89%; silver, by 10.3%.
On Thursday, the Euro/USD declined by 0.61 to 1.2968; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.43%.
WTI oil price slipped again yesterday by 0.12% to $91.87 per barrel;
Brent oil on the other hand increased by 2.34% to $111.49 per barrel;
Following these shifts, the gap between Brent and WTI hiked to $19.62/bbl. During the month, WTI fell by 4.77%; Brent oil, by 3.4%.
Finally, the Henry Hub future (October delivery) bounced back and rose by 0.73% to $2.79/mmbtu; the Henry Hub spot also rose to $2.76/mmbtu; the gap between the spot reached $0.03, i.e. contango.
A Summary for September 20th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: