Gold Silver and Euro Slipped on Thursday– Recap November 1st

Many commodities were traded in a mixed trend on the fourth day of the week and on the second trading day of week in New York following Hurricane Sandy: WTI oil rose again while Brent oil also changed direction but rose; the prices of silver and gold declined for the first day in the past three days; natural gas Henry Hub future (November delivery) rose again on Thursday; the Euro moderately depreciated against the USD on Thursday. Several other currency pairs including the Aussie dollar increased against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for November 1st, 2012:

Forex and Bullion Markets:

On Thursday, gold edged down by 0.21% to $1,715.8; Silver also slipped by 0.2% to $32.25. During the week, gold increased by 0.2%; silver, by 0.7%.

On Thursday, the Euro/USD edged down by 0.13% to 1.2943; further, the U.S Dollar depreciated against some other currencies including Aussie dollar by 0.24%.

Energy Commodities:

WTI oil price rose yesterday by 0.99% to $87.09 per barrel; Brent oil on the other hand decreased again by 0.49% to $108.17 per barrel;

Due to these shifts, the difference between Brent and WTI contracted to $21.93/bbl. During the week, WTI declined by 2.3%; Brent oil rose by 0.9%.

Finally, the Henry Hub future (November delivery) slightly rose by 0.27% to $3.71/mmbtu; the gap between the spot remained in contango.

A Summary for November 1st:

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

Gold Silver Crude oil Natural gas 2012 November 1

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