Gold and Silver Declined | Oil Bounced Back on Tuesday –Recap August 14th

Many energy commodities changed direction and rallied on Tuesday: crude oil prices (WTI and Brent) rose yesterday after for they had declined for two consecutive days; natural gas Henry Hub (September delivery) and spot prices also changed direction and hiked on Tuesday; gold and silver continued to trade down. The Euro declined on Monday. Several exchange rates including the Aussie dollar also traded down against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 14th, 2012:

Forex and Bullion Markets:

Gold slipped by 0.66% to $1,602.1; Silver also edged down by 0.01% to reach $27.85. During the month, gold slipped by 0.77%; silver, by 0.24%.

The Euro/USD also fell by 0.09% to 1.2322; further, the U.S Dollar appreciated against several other currencies such as Aussie dollar by 0.26%.

Energy Commodities:

WTI oil price rose yesterday by 0.75% to $93.43 per barrel;

Brent oil also increased by 0.99% to $114.2 per barrel;

Following these changes, the difference between Brent and WTI rose to $20.77/bbl. During the month, WTI increased by 6.1% and Brent oil by 7.8%.

Finally, the Henry Hub future (September delivery) also hiked by 3.66% to $2.83/mmbtu; the Henry Hub spot also rose to $2.81/mmbtu; the difference between the spot and rose to $0.02, Contango.

A Summary for August 14th:

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

Gold Silver Crude oil Natural gas 2012 August 14

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