Gold and silver prices continue to zigzag with no clear path as they have moderately declined yesterday; Crude oil WTI price changed direction and moderately declined as well; Natural gas spot price (Henry Hub) continue to rise. Here is a summary of the price movements of precious metals and energy commodities for September 14th:
Precious Metals prices:
Gold price slightly declined yesterday by 0.20% to $1,826; Silver price also decreased by 1.60% to $40.53. During September, gold prices decreased by 0.3% and silver price lost 3.0% of its value.
The EURO to US Dollar exchange rate slightly inclined yesterday by 0.56% to 1.3755 – i.e. the USD moderately depreciated against the EURO. During September, the EURO to US Dollar declined by 4.27%.
Oil and Gas prices:
WTI Spot oil price changed direction and fell yesterday by 1.44%; it settled at $90.21 per barrel; Brent spot price on the other hand increased by 0.19% to $111.54 per barrel; during September the WTI spot oil price slightly inclined by 0.1% while Brent oil fell by 4.2%.
Due to these changes, the difference between Brent and WTI sharply fell to $21.12/bbl.
Natural gas Henry Hub future price (October delivery) increased by 1.26% to $4.03/mmbtu. The Henry Hub spot price also inclined by 2.04% to $4.01/mmbtu; the gap between the spot and future price fell to $0.02, i.e. contango. During September, natural gas spot price (Henry Hub) rose by 1.0%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
Monthly Analysis and Outlook: