Major commodities prices bounced back on the fourth day of the week: WTI and Brent oil rose yesterday; the prices of silver and gold also increased on Thursday; natural gas Henry Hub future (November delivery) declined on Thursday for the second consecutive day; the Euro depreciated again against the USD on Thursday. Several other currency pairs including the Aussie dollar also fell against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 25th, 2012:
Forex and Bullion Markets:
On Thursday, gold rose by 0.67% to $1,713; Silver also increased by 1.45% to $32.08. During the month, gold decreased by 3.43%; silver, by 7.23%.
On Thursday, the Euro/USD declined by 0.3% to 1.2935; further, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.07%.
WTI oil price also bounced back and rose yesterday by 0.41% to $85.68 per barrel; Brent oil also increased by 0.67% to $109.37 per barrel;
Due to these shifts, the difference between Brent and WTI rose to $23.69/bbl. During the month, WTI fell by 7.06%; Brent oil, by 3.4%.
Finally, the Henry Hub future (November delivery) declined again by 0.58% to $3.43/mmbtu; the Henry Hub spot decreased to $3.38/mmbtu; the gap between the spot reached to $0.05, i.e. contango.
A Summary for October 25th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: