Gold Ended Slightly Up| Oil Sharply Down–Daily Recap September 30

Gold price ended the week and the month of September moderately increased; silver price on the other hand slightly slipped. But the main changes yesterday in the commodities market came from the energy commodities as crude oil and natural gas prices sharply declined. Here is a summary of the price movements of precious metals and energy commodities for September 30th:

Precious Metals prices:

Gold price slightly inclined yesterday by 0.31% to $1,622; Silver price, on the other hand, slightly decreased by 1.44% to $30.08. During September, gold prices decreased by 11.4% and silver price shed 28.0% of its value.

The EURO to US Dollar exchange rate sharply declined yesterday by 1.54% to 1.3388 – i.e. the USD appreciated against the EURO. The USD also appreciated yesterday against other currencies including the AUD and CAD. During September, the EURO to US Dollar decreased by 6.83%.

Oil and Gas prices:

WTI oil price sharply declined yesterday by 3.58% to $79.20 per barrel; Brent oil price decreased by 2.05% to $104.26 per barrel; during September the WTI oil price declined by 10.8% and Brent oil price fell by 10.5%.

Due these changes, the difference between Brent and WTI increased to $25.06/bbl.

Natural gas Henry Hub future price (October delivery) declined by 2.13% to $3.67/mmbtu. The Henry Hub spot price also declined by 2.65% to $3.67/mmbtu; the gap between the spot and future price closed and nullified. During September, natural gas spot price (Henry Hub) shed 7.6% 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 30


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