Major commodities traded in a mixed trend on the first day of the week: WTI and Brent oil price edged up; alternatively, gold and silver decreased yesterday; natural gas Henry Hub future (October delivery) bounced back and hiked by over 5%, while spot price decreased on Monday; the Euro also slipped on Monday. Many other currency pairs including the Aussie dollar/USD also declined.
Here is a summary of the daily changes in precious metals and energy commodities for September 10th, 2012:
Forex and Bullion Markets:
On Monday, gold declined by 0.5% to $1,731; Silver also decreased by 0.17% to reach $33.63. During the month, gold increased by 2.62%; silver, by 6.97%.
On Monday, the Euro/USD also declined by 0.45% to 1.2759; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.5%.
WTI oil price increased yesterday by 0.12% to $96.54 per barrel;
Brent oil rose by 0.47% to $114.69 per barrel;
Following these changes, the difference between Brent and WTI rose to $18.15/bbl. During the month, WTI edged up by 0.07% while Brent oil slipped by 0.7%.
Finally, the Henry Hub future (October delivery) bounced back by 5.22% to $2.82/mmbtu; the Henry Hub spot fell to $2.66/mmbtu; the difference between the spot hiked to $0.16, contango.
A Summary for September 10th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: