Gold and silver prices corrected for their decline on Monday and ended yesterday slightly up; Crude oil WTI price continued to follow the US stock market and finished yesterday in the green; Natural gas spot price (Henry Hub) changed direction and also inclined. Here is a summary of the price movements of precious metals and energy commodities for September 13th:
Precious Metals prices:
Gold price ended yesterday slightly up with a 0.93% increase to $1,830; Silver price also increased by 2.43% to $41.19. During September, gold prices decreased by 0.1% and silver price lost 1.4% of its value.
The EURO to US Dollar exchange rate nearly didn’t change as it slightly declined yesterday by 0.01% to 1.3678 – i.e. the USD moderately appreciated against the EURO. During September, the EURO to US Dollar declined by 4.81%.
Oil and Gas prices:
WTI Spot oil price inclined again for the second consecutive day, yesterday by 2.29%; it settled at $90.21 per barrel; Brent spot price on the other hand decreased by 1.04% to $111.33 per barrel; during September the WTI spot oil price inclined by 1.6% while Brent oil fell by 4.4%.
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 2.58% to $3.98/mmbtu. The Henry Hub spot price also inclined by 0.77% to $3.93/mmbtu; the gap between the spot and future price rose to $0.05, i.e. contango. During September, natural gas spot price (Henry Hub) fell 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:
- Gold and silver prices outlook for September 2011
- Oil prices Monthly outlook – September 2011
- Natural gas prices outlook for September 2011