Major commodities prices were traded mostly down on the fourth day of the week: WTI oil and Brent oil declined yesterday; the prices of silver and gold changed direction again and slipped on Thursday; natural gas Henry Hub future (November delivery) hiked again on Thursday; the Euro depreciated against the USD on Thursday. Many other currency pairs including the Aussie dollar also fell against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 18th, 2012:
Forex and Bullion Markets:
On Thursday, gold decreased by 0.47% to $1,744.7; Silver also decreased by 1.1% to $32.87. During the month, gold decreased by 1.65%; silver, by 4.94%.
On Thursday, the Euro/USD decreased by 0.4% to 1.3066; further, the U.S Dollar also appreciated against some other currencies including Aussie dollar by 0.18%.
WTI oil price edged down yesterday by 0.02% to $92.1 per barrel; Brent oil fell by 0.94% to $113.22 per barrel;
Following these changes, the difference between Brent and WTI contracted to $21.12/bbl. During the month, WTI fell by 0.1%; Brent oil remained unchanged.
Finally, the Henry Hub future (November delivery) hiked by 3.46% to $3.59/mmbtu; the Henry Hub spot increased to $3.31/mmbtu; the gap between the spot reached to $0.28, i.e. contango.
A Summary for October 18th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: