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%.
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:
For further reading: