Gold and Oil Increased again on Thursday –Recap August 16th

Many commodities traded up again on Thursday: crude oil prices (WTI and Brent) rose yesterday for the third consecutive day; gold and silver rose for the second straight day; natural gas Henry Hub future (September delivery) and spot prices declined on Thursday; The Euro changed direction again and rose on Thursday. Several exchange rates including the Aussie dollar also traded up against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 16th, 2012:

Forex and Bullion Markets:

Gold increased again by 0.78% to $1,619.2; Silver also rose by 1.44% to reach $28.3. During the month, gold increased by 0.28%; silver, by 1.38%.

The Euro/USD also rose by 0.54% to 1.2356; further, the U.S Dollar depreciated against several other currencies such as Aussie dollar by 0.06%.

Energy Commodities:

WTI oil price increased again yesterday by 1.35% to $95.6 per barrel;

Brent oil also edged up by 0.15% to $116.61 per barrel;

Following these changes, the difference between Brent and WTI rose to $21.01/bbl. During the month, WTI increased by 8.56% and Brent oil by 10.1%.

Finally, the Henry Hub future (September delivery) declined by 1.09% to $2.72/mmbtu; the Henry Hub spot also fell to $2.78/mmbtu; the difference between the spot reached -$0.06, Backwardation.

A Summary for August 16th:

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

Gold Silver Crude oil Natural gas 2012 August 16

For further reading: