Gold Silver and Euro Bounced Back on Thursday– Recap September 6th

Major commodities traded again in a mixed trend during Thursday: WTI oil price rose again while Brent oil price decreased; on the other hand, gold and silver bounced back and rose yesterday; natural gas Henry Hub future (October delivery) declined again and even spot price also fell on Thursday; the Euro edged up again on Thursday. Several other currency pairs including the Aussie dollar/USD also rose.

Here is a summary of the daily changes in precious metals and energy commodities for September 6th, 2012:

Forex and Bullion Markets:

On Thursday, gold rose by 0.68% to $1,705; Silver also increased by 1.07% to reach $32.67. During the month, gold increased by 1.1%; silver, by 3.9%.

On Thursday, the Euro/USD also rose by 0.24% to 1.2631; further, the U.S Dollar also depreciated against several other currencies including Aussie dollar by 0.9%.

Energy Commodities:

WTI oil price edged up again yesterday by 0.18% to $95.53 per barrel;

Brent oil declined again by 1.13% to $112.55 per barrel;

Following these developments, the difference between Brent and WTI fell to $17.02/bbl. During the week, WTI decreased by 1% and Brent oil by 2.5%.

Finally, the Henry Hub future (October delivery) declined by 0.4% to $2.78/mmbtu; the Henry Hub spot also fell to $2.85/mmbtu; the difference between the spot reached -$0.07, backwardation.

A Summary for September 6th:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 September 6

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