Major commodities prices were traded in a mixed trend again on the third day of the week: WTI oil edged up again while Brent oil declined yesterday; the price of silver and gold rose again on Wednesday; natural gas Henry Hub future (November delivery) bounced back on Wednesday; the Euro appreciated again against the USD on Wednesday. Many other currency pairs including the Aussie dollar also rose against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 17th, 2012:
Forex and Bullion Markets:
On Wednesday, gold rose by 0.38% to $1,753; Silver also increased by 0.83% to $33.23. During the month, gold decreased by 1.18%; silver, by 3.89%.
On Wednesday, the Euro/USD increased by 0.5% to 1.3118; further, the U.S Dollar also depreciated against some other currencies including Aussie dollar by 1.06%.
WTI oil price edged up yesterday by 0.03% to $92.12 per barrel; Brent oil fell by 0.75% to $114.3 per barrel;
Following these shifts, the difference between Brent and WTI contracted to $22.18/bbl. During the month, WTI fell by 0.08%; Brent oil rose by 0.9%.
Finally, the Henry Hub future (November delivery) rose by 1.17% to $3.47/mmbtu; the Henry Hub spot increased to $3.28/mmbtu; the gap between the spot reached to $0.19, i.e. contango.
A Summary for October 17th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: