Gold and Oil Prices Rose on Thursday– Recap October 11th

The major commodities prices were mostly trade up on the penultimate day of the week: WTI oil changed direction and increased; Brent oil also rose yesterday; gold slightly increased while the price of silver, on the other hand, edged down on Thursday; natural gas Henry Hub future (November delivery) hiked on Thursday; the Euro appreciated against the USD on Thursday. Several other currency pairs including the Aussie dollar also rose against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for October 11th, 2012:

Forex and Bullion Markets:

On Thursday, gold rose by 0.31% to $1,770; Silver decreased by 0.08% to reach $34.08. During the month, gold decreased by 0.17%; silver, by 1.43%.

On Thursday, the Euro/USD increased by 0.42% to 1.2928; further, the U.S Dollar depreciated against some other currencies including Aussie dollar by 0.28%.

Energy Commodities:

WTI oil price changed direction again and increased yesterday by 0.9% to $92.07 per barrel. Brent oil rose again by 2.2% to $116.65 per barrel;

Following these changes, the difference between Brent and WTI increased to $24.58/bbl. During the month, WTI fell by 0.13%; Brent oil rose by 3%.

Finally, the Henry Hub future (November delivery) hiked again by 3.75% to $3.6/mmbtu; the Henry Hub spot rose to $3.28/mmbtu; the gap between the spot reached to $0.32, i.e. contango.

A Summary for October 11th:

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

Gold Silver Crude oil Natural gas 2012 October 11

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