Several commodities prices declined again during Thursday: crude oil price (WTI) declined while the price of Brent oil edged up after it had declined for six consecutive days; gold and silver traded down on Thursday – this was the third consecutive day in which both metals declined; natural gas Henry Hub future (September delivery) trade up again along with spot rate on Thursday; the Euro edged down on Thursday. Several other currency pairs including the Aussie dollar/USD also decreased.
Here is a summary of the daily changes in precious metals and energy commodities for August 30th, 2012:
Forex and Bullion Markets:
Gold declined again by 0.35% to $1,657.1; Silver also decreased by 1.54% to reach $30.45. During the month, gold increased by 2.63%; silver, by 9.07%.
The Euro/USD slipped by 0.2% to 1.2506; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.6%.
WTI oil price declined yesterday by 0.91% to $94.62 per barrel;
Brent oil edged up by 0.09% to $113.36 per barrel;
Following these developments, the gap between Brent and WTI rose to $18.74/bbl. During the month, WTI increased by 7.45% and Brent oil by 7%.
Finally, the Henry Hub future (September delivery) increased by 2.24% to $2.74/mmbtu; the Henry Hub spot rose to $2.73/mmbtu; the difference between the spot reached $0.04, contango.
A Summary for August 30th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: