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%.
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:
For further reading: