Most commodities traded down again during Wednesday: the price of Brent oil fell again for the sixth consecutive day; crude oil price (WTI) also declined; gold and silver traded down on Wednesday – this was the second consecutive day in which both metals traded down; natural gas Henry Hub future (September delivery) bounced back and rose while spot decreased again on Wednesday; the Euro also slipped on Wednesday. Several other currency pairs including the Aussie dollar/USD also fell.
Here is a summary of the daily changes in precious metals and energy commodities for August 29th, 2012:
Forex and Bullion Markets:
Gold edged down by 0.4% to $1,663; Silver also decreased by 0.13% to reach $30.92. During the month, gold increased by 3.0%; silver, by 10.78%.
The Euro/USD fell by 0.27% to 1.2531; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.25%.
WTI oil price declined yesterday by 0.87% to $95.49 per barrel;
Brent oil also fell by 0.06% to $113.26 per barrel;
Following these changes, the gap between Brent and WTI rose to $17.77/bbl. During the month, WTI increased by 8.44% and Brent oil by 6.9%.
Finally, the Henry Hub future (September delivery) rose by 2.29% to $2.68/mmbtu; the Henry Hub spot declined to $2.64/mmbtu; the difference between the spot reached $0.04, contango.
A Summary for August 29th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: