Many commodities trade up on the first day of the week: WTI oil increased again while Brent oil declined yesterday; gold and silver changed direction and rose on Monday; natural gas Henry Hub future (October delivery) and spot price continued their rally and hiked on Monday; the Euro changed direction and appreciated against the USD on Monday. Several other currency pairs including the Canadian dollar also rose again the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 1st, 2012:
Forex and Bullion Markets:
On Monday, gold increased by 0.53% to $1,783.3; Silver also rose by 1.08% to reach $34.95. During last month, gold increased by 5.11%; silver, by 9.97%.
On Monday, the Euro/USD also increased by 0.24% to 1.289; further, the U.S Dollar also depreciated against several other currencies including Canadian dollar by 0.12%.
WTI oil price rose again yesterday by 0.31 % to $92.48 per barrel;
Brent oil on the other hand decreased by 0.99% to $112.14 per barrel;
Following these changes, the difference between Brent and WTI slipped to $19.66/bbl. During last month, WTI declined by 4.44%; Brent oil, by 1.9%.
Finally, the Henry Hub future (October delivery) hiked again by 4.82% to $3.48/mmbtu; the Henry Hub spot also rose to $3.19/mmbtu; the gap between the spot reached to $0.29, i.e. contango.
A Summary for October 1st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: