Gold and Silver Closed the Week Rising –Daily Recap October 14

Gold and silver prices, much like other major commodities prices, ended the week rising; crude oil prices also sharply inclined; natural gas spot prices changed direction again and sharply increased. Here is a summary of the price movements of precious metals and energy commodities for October 14th:

Precious Metals prices:

Gold price added 0.87% to its value and reached $1,683; Silver price, also inclined by 1.60% to reach $32.17. During October, gold price inclined by 3.7% and silver price increased by 6.9%. 

The Euro to US Dollar exchange rate increased yesterday by 0.75% to 1.3882 – i.e. the USD depreciated against the Euro. Furthermore, the USD depreciated yesterday against other currencies including the AUD and GBP.

Oil and Gas prices:

WTI oil price sharply increased yesterday by 3.05% to $86.80 per barrel; Brent oil price also rose by 2.99% to $115.50 per barrel;

Due these changes, the difference between Brent and WTI further inclined to $28.70/bbl. During October, WTI oil price rose by 6.0%, and Brent oil price increased by 9.6%.

Natural gas Henry Hub future price (November delivery) inclined by 4.52% to $3.70/mmbtu. The Henry Hub spot price also added 2.05% to its value to $3.49/mmbtu; the gap between the spot and future price sharply rose to $0.21/mmbtu, i.e. contango.

A Summary of Yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):

Gold price and Silver prices Crude oil prices, Natural gas spot price 2011 October 14


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