Gold Silver and Natural Gas Rallied on Monday –Recap August 20th

Many commodities traded with a mixed trend again on the first day of the week: crude oil price (WTI) edged down yesterday after it had increased for four consecutive days while Brent oil declined for the second consecutive day; gold and silver prices increased again; natural gas Henry Hub future (September delivery) and spot prices bounced back on Monday; The Euro changed direction again and edged up on Monday. Several exchange rates including the Aussie dollar also trade up against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 20th, 2012:

Forex and Bullion Markets:

Gold rose again by 0.22% to $1,623; Silver also rose by 2.1% to reach $28.68. During the month, gold increased by 0.52%; silver, by 2.74%.

The Euro/USD also rose by 0.09% to 1.2346; further, the U.S Dollar also appreciated against several other currencies such as Aussie dollar by 0.24%.

Energy Commodities:

WTI oil price edged down yesterday by 0.04% to $95.97 per barrel;

Brent oil declined by 0.06% to $115.7 per barrel;

Following these developments, the difference between Brent and WTI declined to $19.73/bbl. During the month, WTI increased by 8.98% and Brent oil by 9.2%.

Finally, the Henry Hub future (September delivery) rose by 2.21% to reach $2.78/mmbtu; the Henry Hub spot increased to $2.75/mmbtu; the difference between the spot reached $0.03, Contango.

A Summary for August 20th:

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

Gold Silver Crude oil Natural gas 2012 August 20

For further reading: