Gold Silver and Euro Rallied on Monday– Recap October 22nd

Major energy commodities prices were traded down again on the first day of the week: WTI and Brent oil decreased yesterday; the prices of silver and gold, on the other hand, rose on Monday; natural gas Henry Hub future (November delivery) tumbled down on Monday; the Euro appreciated again against the USD on Monday. Some other currency pairs including the Canadian dollar also declined against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for October 22nd, 2012:

Forex and Bullion Markets:

On Monday, gold edged up by 0.13% to $1,726.3; Silver also increased by 0.48% to $32.25. During the month, gold decreased by 2.68%; silver, by 6.72%.

On Monday, the Euro/USD rose by 0.28% to 1.306; further, the U.S Dollar depreciated against some other currencies including Canadian dollar by 0.15%.

Energy Commodities:

WTI oil price declined again yesterday by 1.47% to $88.73 per barrel; Brent oil also fell by 0.39% to $110.74 per barrel;

Due to these shifts, the difference between Brent and WTI rose to $22.01/bbl. During the month, WTI fell by 3.75%; Brent oil, by 2.2%.

Finally, the Henry Hub future (November delivery) plunged by 4.42% to $3.46/mmbtu; the Henry Hub spot increased to $3.48/mmbtu; the gap between the spot reached to -$0.02, i.e. backwardation.

A Summary for October 22nd:

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

Gold Silver Crude oil Natural gas 2012 October 22

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