Major commodities trade in mixed trend on the last day of the week: WTI oil rose while Brent oil edged down yesterday; gold and silver changed direction and declined on Friday; natural gas Henry Hub future (October delivery) and spot price continued their upward trend on Friday; the Euro changed direction and depreciated against the USD on Friday. Many other currency pairs including the Aussie dollar/USD also fell.
Here is a summary of the daily developments of precious metals and energy commodities for September 28th, 2012:
Forex and Bullion Markets:
On Friday, gold decreased by 0.37% to $1,773.9; Silver also declined by 0.26% to reach $34.58. During the month, gold increased by 5.11%; silver, by 9.97%.
On Friday, the Euro/USD also decreased by 0.43% to 1.2859; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.59%.
WTI oil price rose again yesterday by 0.37 % to $92.19 per barrel;
Brent oil declined by 0.1% to $113.26 per barrel;
Following these shifts, the difference between Brent and WTI slipped to $21.07/bbl. During the month, WTI declined by 4.44%; Brent oil, by 1.9%.
Finally, the Henry Hub future (October delivery) increased again by 0.61% to $3.32/mmbtu; the Henry Hub spot also rose to $3.06/mmbtu; the gap between the spot reached to $0.26, i.e. contango.
A Summary for September 28th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: