Gold and Silver Edged Down on Friday– Recap October 26th

Major commodities prices traded in a mixed trend on the last day of the week: WTI and Brent oil increased again yesterday; the prices of silver and gold edged down on Friday; natural gas Henry Hub future (November delivery) declined again on Friday for the third consecutive day; the Euro appreciated against the USD on Friday. Several other currency pairs including the Aussie dollar also rose against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for October 26th, 2012:

Forex and Bullion Markets:

On Friday, gold edged down by 0.06% to $1,711.9; Silver also decreased by 0.13% to $32.04. During the month, gold decreased by 3.5%; silver, by 7.35%.

On Friday, the Euro/USD edged up by 0.03% to 1.2939; further, the U.S Dollar depreciated against some other currencies including Aussie dollar by 0.26%.

Energy Commodities:

WTI oil price rose yesterday by 0.7% to $86.28 per barrel; Brent oil also increased by 1.28% to $110.77 per barrel;

Due to these changes, the difference between Brent and WTI rose to $24.49/bbl. During the month, WTI fell by 6.41%; Brent oil, by 2.2%.

Finally, the Henry Hub future (November delivery) declined again by 0.87% to $3.4/mmbtu; the Henry Hub spot decreased to $3.34/mmbtu; the gap between the spot reached to $0.06, i.e. contango.

A Summary for October 26th:

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

Gold Silver Crude oil Natural gas 2012 October 26

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