Gold and silver prices gained back yesterday some of their value after they had fallen very sharply the day before; crude oil prices continue to moderately change and slightly inclined; natural gas spot price (Henry Hub) changed direction and declined.
Here is a summary of the price movements of precious metals and energy commodities for August 25th:
Precious Metals prices:
Gold price bounced back and slightly inclined yesterday by 0.34% to $1,763; Silver price also inclined by 4.06% to $40.79. During August, gold prices increased by 8.1%, and silver price by 1.7%.
The EURO to US Dollar exchange rate moderately declined again by 0.25% – i.e. the USD appreciated against the EURO. During August, the EURO to US Dollar slightly fell by 0.14%.
Oil and Gas prices:
WTI Spot oil price inclined by 0.26%; it settled at $85.20 per barrel; during August, the WTI spot oil price declined by 11.0%. Brent spot price also rose by 0.48% to $111.12 per barrel.
Due to these changes, the difference between Brent and WTI inclined to $25.92/bbl.
Natural gas Henry Hub future price (September delivery) increased by 0.26% to $3.93/mmbtu. The Henry Hub spot price fell by 1.96% to $4.01/mmbtu; the gap between the spot and future price shrunk to -$0.08, i.e. backwardation. During August, natural gas spot price (Henry Hub) fell by 5.9%.
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):
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For further reading:
Monthly Analysis and Outlook: