Major commodities traded up during Friday: WTI and Brent oil price bounced back and rose; further, gold and silver also increased yesterday; natural gas Henry Hub future (October delivery), on the other hand tumbled down again and even spot price decreased on Friday; the Euro rose again on Friday. Many other currency pairs including the Aussie dollar/USD also hiked.
Here is a summary of the daily changes in precious metals and energy commodities for September 7th, 2012:
Forex and Bullion Markets:
On Friday, gold hiked by 2.05% to $1,740; Silver also increased by 3.11% to reach $33.69. During the month, gold increased by 3.13%; silver, by 7.15%.
On Friday, the Euro/USD also hiked by 1.47% to 1.2817; further, the U.S Dollar also depreciated against several other currencies including Aussie dollar by 0.96%.
WTI oil price also increased yesterday by 0.93% to $96.42 per barrel;
Brent oil rose by 1.42% to $114.15 per barrel;
Following these shifts, the difference between Brent and WTI rose to $17.73/bbl. During the week, WTI decreased by 0.05% and Brent oil by 1.1%.
Finally, the Henry Hub future (October delivery) tumbled down by 3.6 to $2.68/mmbtu; the Henry Hub spot also fell to $2.73/mmbtu; the difference between the spot reached -$0.05, backwardation.
A Summary for September 7th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: