Major commodities traded down on Monday: WTI oil and Brent oil changed direction and declined; gold and silver also edged down despite the announced of the FOMC on QE3 last week; natural gas Henry Hub future (October delivery) and spot price also tumbled down on Monday; the Euro edged down again on Monday. Several other currency pairs including the Aussie dollar/USD also slipped.
Here is a summary of the daily changes in precious metals and energy commodities for September 17th, 2012:
Forex and Bullion Markets:
On Monday, gold edged down by 0.09% to $1,770.6; Silver also declined by 0.83% to reach $34.37. During the month, gold increased by 4.92%; silver, by 9.3%.
On Monday, the Euro/USD slipped by 0.09% to 1.3117; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.68%.
WTI oil price fell yesterday by 2.4% to $96.62 per barrel;
Brent oil also decreased by 2.86% to $114.23 per barrel;
Following these changes, the gap between Brent and WTI rose to $17.61/bbl. During the month, WTI rose by 0.16%; Brent oil slipped by 1.1%.
Finally, the Henry Hub future (October delivery) tumbled down again by 2.55% to $2.87/mmbtu; the Henry Hub spot also declined to $2.83/mmbtu; the gap between the spot was nullified.
A Summary for September 17th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: