Gold & Silver Rose While Euro & Oil Fell – Recap August 27th

Many commodities traded at a mixed trend during Monday: crude oil price (WTI and Brent oil) fell again for the third consecutive day; gold and silver, on the other hand, rose on Monday – this was the sixth consecutive day in which silver increased; natural gas Henry Hub future (September delivery) decreased again while the spot prices remained unchanged on Monday; the Euro edged down on Monday. Several other currency pairs including the Aussie dollar/USD also declined.

Here is a summary of the daily changes in precious metals and energy commodities for August 27th, 2012:

Forex and Bullion Markets:

Gold rose by 0.16% to $1,675.6; Silver also increased by 1.39% to reach $31.14. During the month, gold increased by 3.78%; silver, by 11.55%.

The Euro/USD slipped by 0.11% to 1.2499; further, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.34%.

Energy Commodities:

WTI oil price decreased yesterday by 0.4% to $95.47 per barrel;

Brent oil also fell by 1.19% to $113.77 per barrel;

Following these changes, the difference between Brent and WTI declined to $18.3/bbl. During the month, WTI increased by 8.41% and Brent oil by 7.4%.

Finally, the Henry Hub future (September delivery) declined by 1.85% to $2.65/mmbtu; the Henry Hub spot remained unchanged at $2.79/mmbtu; the difference between the spot reached -$0.14, backwardation.

A Summary for August 27th:

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

Gold Silver Crude oil Natural gas 2012 August 27

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