Gold Silver and Oil Bounced Back Yesterday – Recap November 23rd

Many commodities bounced back yesterday. Yesterday’s trading was with high volatility as it was Black Friday: WTI oil and Brent oil traded sharply up yesterday; the prices of silver and gold also rallied on Friday; natural gas Henry Hub future (December delivery) remained unchanged on Friday; the Euro also appreciated against the USD on Friday. Some other currency pairs including the Aussie dollar also rallied again against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for November 23rd, 2012:

Forex and Bullion Markets:

On Friday, gold rose by 1.34% and reached $1,751.4; Silver also increased by 2.02% to $34.23. During November, gold rose by 1.88%; silver, by 5.57%.

On Friday, the Euro/USD rose by 0.67% to 1.2972; moreover, the U.S Dollar also depreciated against some other currencies including Aussie dollar by 0.65%.

Energy Commodities:

WTI oil price rose by 1.03% to $88.28 per barrel; Brent oil also traded up by 0.75% to $111.38 per barrel;

Thus, the difference between Brent and WTI expanded to $25.14/bbl. During the month, WTI rose by 2.4%; Brent oil, by 2.5%.

Finally, the Henry Hub future (December delivery) remained at $3.9/mmbtu.

A Summary for November 23rd:

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

Gold Silver Crude oil Natural gas 2012 November 23

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