Gold Silver and Oil Bounced Back Yesterday – Recap November 14th

Many commodities were traded up on the third business day of the week: WTI oil and Brent oil changed direction and rose yesterday; the prices of silver and gold also increased on Wednesday; natural gas Henry Hub future (December delivery) continued on Wednesday its rally; the Euro moderately appreciated against the USD on Wednesday. Some other currency pairs including the Aussie dollar depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for November 14th, 2012:

Forex and Bullion Markets:

On Wednesday, gold rose by 0.31% and reached $1,730.1; Silver also increased by 1.2% to $32.88. During November, gold rose by 0.64%; silver, by 1.75%.

On Wednesday, the Euro/USD increased by 0.25% to 1.2736; on the other hand, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.88%.

Energy Commodities:

WTI oil price changed direction and rose yesterday by 1.1% to $86.32 per barrel; Brent oil also increased by 1.26% to $109.61 per barrel;

Due to these changes, the gap between Brent and WTI widen to $23.37/bbl. During the month, WTI rose by 0.1%; Brent oil increased by 0.8%.

Finally, the Henry Hub future (December delivery) rose again by 0.53% to reach $3.76/mmbtu.

A Summary for November 14th:

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

Gold Silver Crude oil Natural gas 2012 November 14

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