Oil prices ended the week falling | gold prices slightly rose – September 9

Gold price ended the week with light rises, while silver prices ended with falls. Crude oil prices, much like the US stock markets, sharply fell on Friday. Natural gas spot price (Henry Hub) changed direction and declined. Here is a summary of the price movements of precious metals and energy commodities for September 9th:

Precious Metals prices:

Gold price slightly inclined yesterday by 0.11% to $1,859; Silver price on the other hand decreased by 2.13% to $41.62. During September, gold prices increased by 1.5%, while silver price fell by 0.3%.

The EURO to US Dollar exchange rate sharply fell again yesterday by 1.63% to 1.3657 – i.e. the USD appreciated against the EURO. During September, the EURO to US Dollar declined by 4.96%. This drop is after the ECB decided to keep its interest rates unchanged at 1.5%.

Oil and Gas prices:

WTI Spot oil price sharply fell by 2.03%; it settled at $87.24 per barrel; Brent spot price also decreased by 1.80% to $112.24 per barrel; during September the WTI spot oil price declined by 1.8% and Brent oil fell by 3.6%.

Due to these changes, the difference between Brent and WTI slipped again to $25.00/bbl.

Natural gas Henry Hub future price (October delivery) fell by 1.51% to $3.92/mmbtu. The Henry Hub spot price also slipped by 0.25% to $3.96/mmbtu; the gap between the spot and future price fell to -$0.04, i.e. backwardation. During September, natural gas spot price (Henry Hub) fell by 0.3%.

A summary of yesterday’s Prices Changes:

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

Current Gold price and Silver prices Crude spot oil prices, Natural gas spot price 2011 September 9


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 Monthly Analysis and Outlook: