Gold & Silver Hiked On FOMC Decision– Recap September 13th

Major commodities traded up on Thursday: WTI oil and Brent oil trade up; gold and silver also rose following the announced of the FOMC on QE3; natural gas Henry Hub future (October delivery) changed direction and slipped while the spot price rose again on Thursday; the Euro trade up again on Thursday. Many other currency pairs including the Aussie dollar/USD also increased.

Here is a summary of the daily changes in precious metals and energy commodities for September 13th, 2012:

Forex and Bullion Markets:

On Thursday, gold rose by 2.21% to $1,772.1; Silver also hiked by 4.46% to reach $34.78. During the month, gold increased by 5.01%; silver, by 10.61%.

On Thursday, the Euro/USD rose by 0.69% to 1.2989; further, the U.S Dollar also depreciated against several other currencies including Aussie dollar by 0.76%.

Energy Commodities:

WTI oil price increased yesterday by 1.34% to $98.31 per barrel;

Brent oil rose by 0.47% to $116.41 per barrel;

Following these changes, the gap between Brent and WTI slipped to $18.1/bbl. During the month, WTI rose by 1.91%; Brent oil, by 0.8%.

Finally, the Henry Hub future (October delivery) decreased by 0.65% to $3.04/mmbtu; the Henry Hub spot rose to $3.01/mmbtu; the gap between the spot reached $0.03, contango.

A Summary for September 13th:

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

Gold Silver Crude oil Natural gas 2012 September 13

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