Gold and silver started the week falling – September 12

Gold and silver prices started the week with sharp falls, as the US stock markets rose. Crude oil prices, much like the US stock markets, inclined. Natural gas spot price (Henry Hub) kept on falling. Here is a summary of the price movements of precious metals and energy commodities for September 12th:

Precious Metals prices:

Gold price changed direction and sharply declined yesterday by 2.48% to $1,813; Silver price also decreased by 3.38% to $40.22. During September, gold prices decreased by 1.0% and silver price fell by 3.7%.

The EURO to US Dollar exchange rate changed direction and slightly inclined yesterday by 0.16% to 1.3679 – i.e. the USD depreciated against the EURO. During September, the EURO to US Dollar declined by 4.80%.

Oil and Gas prices:

WTI Spot oil price changed direction and rose by 1.09%; it settled at $88.19 per barrel; Brent spot price also moderately increased by 0.23% to $112.50 per barrel; during September the WTI spot oil price declined by 0.7% and Brent oil fell by 3.4%.

Due to these changes, the difference between Brent and WTI further slipped to $24.31/bbl.

Natural gas Henry Hub future price (October delivery) fell by 1.02% to $3.88/mmbtu. The Henry Hub spot price also decreased by 1.52% to $3.90/mmbtu; the gap between the spot and future price fell to -$0.02, i.e. backwardation. During September, natural gas spot price (Henry Hub) fell by 1.8%.

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):

Current Gold price and Silver prices Crude spot oil prices, Natural gas spot price 2011 September 12


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Monthly Analysis and Outlook: