Major commodities prices were traded down again on the last day of the week: WTI and Brent oil declined yesterday; the prices of silver and gold also fell on Friday; natural gas Henry Hub future (November delivery) rose again on Friday; the Euro depreciated again against the USD on Friday. Many other currency pairs including the Aussie dollar also declined against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 19th, 2012:
Forex and Bullion Markets:
On Friday, gold decreased by 1.19% to $1,724; Silver also decreased by 2.35% to $32.1. During the month, gold decreased by 2.81%; silver, by 7.17%.
On Friday, the Euro/USD decreased by 0.32% to 1.3024; further, the U.S Dollar also appreciated against some other currencies including Aussie dollar by 0.33%.
WTI oil price declined yesterday by 2.23% to $90.05 per barrel; Brent oil fell by 1.81% to $111.17 per barrel;
Despite these shifts, the difference between Brent and WTI remained to $21.12/bbl. During the month, WTI fell by 2.32%; Brent oil, by 1.8%.
Finally, the Henry Hub future (November delivery) rose by 0.84% to $3.62/mmbtu; the Henry Hub spot increased to $3.43/mmbtu; the gap between the spot reached to $0.19, i.e. contango.
A Summary for October 19th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: