Gold Price Unchanged | Oil Bounced Back –Daily Recap September 29

Gold and silver prices slowed down yesterday after they have been having endured turbulent times in recent weeks. Gold price slightly declined, while silver price increased.  Crude oil prices bounced back yesterday and slightly inclined; natural gas prices (Henry Hub) continued their slow descent. Here is a summary of the price movements of precious metals and energy commodities for September 29th:

Precious Metals prices:

Gold price didn’t do much yesterday and moderately declined by 0.06% to $1,617; Silver price increased by 1.29% to $30.52. During September, gold prices decreased by 11.7% and silver price shed 26.9% of its value.

The EURO to US Dollar exchange rate slightly inclined yesterday by 0.41% to 1.3598 – i.e. the USD depreciated against the EURO. The USD also depreciated yesterday against other currencies including the AUD. During September, the EURO to US Dollar decreased by 5.37%.

Oil and Gas prices:

WTI oil price inclined yesterday by 1.15% to $82.14 per barrel; Brent oil price increased by 1.18% to $106.44 per barrel; during September the WTI oil price declined by 7.5% and Brent oil price fell by 8.6%.

Due these changes, the difference between Brent and WTI increased to $24.30/bbl.

Natural gas Henry Hub future price (October delivery) declined by 1.32% to $3.75/mmbtu. The Henry Hub spot price also declined by 2.84% to $3.77/mmbtu; the gap between the spot and future price sharply fell to -$0.02, i.e. backwardation. During September, natural gas spot price (Henry Hub) shed 5.0% of its price.

A summary of yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):

Gold price and Silver prices Crude oil prices, Natural gas spot price 2011 September 29


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