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%.
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:
For further reading: