Gold & silver started September with moderate falls – September 1

Gold and silver prices started off September with light falls; crude oil prices ended trading yesterday with mixed trend as Brent oil slightly declined, and WTI spot oil increased; natural gas spot price (Henry Hub) continued its rally and sharply inclined yesterday. Here is a summary of the price movements of precious metals and energy commodities for September 1st:

Precious Metals prices:

Gold price slightly fell yesterday by 0.14% to $1,829; Silver price also dropped by 0.57% to $41.53. During August-September, gold prices increased by 12.1%, and silver price by 3.6%.

The EURO to US Dollar exchange rate decreased for the third straight business day, yesterday by 0.77% – i.e. the USD appreciated against the EURO. During August-September, the EURO to US Dollar slightly slipped by 0.90%.

Oil and Gas prices:

WTI Spot oil price moderately inclined by 0.14%; it settled at $88.93 per barrel; Brent spot price on the other hand fell again by 0.48% to $114.67 per barrel; during August-September the WTI spot oil price declined by 7.1% and Brent oil by 1.8%.

Due to these changes, the difference between Brent and WTI dropped to $25.74/bbl.

Natural gas Henry Hub future price (October delivery) remained unchanged at $4.05/mmbtu. The Henry Hub spot price sharply inclined by 4.50% to $4.18/mmbtu; the gap between the spot and future price widen to -$0.13, i.e. backwardation. During August-September, natural gas spot price (Henry Hub) fell by 1.9%.

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 1


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