Major commodities prices traded mostly down on the first day of the week: WTI and Brent oil decreased yesterday; the prices of silver and gold slipped again on Monday; natural gas Henry Hub future (November delivery) changed direction on Monday and hiked; the Euro slightly depreciated against the USD on Monday. 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 29th, 2012:
Forex and Bullion Markets:
On Monday, gold declined by 0.19% to $1,708.7; Silver also decreased by 0.91% to $31.75. During the month, gold decreased by 3.68%; silver, by 8.19%.
On Monday, the Euro/USD slipped by 0.28% to 1.2903; further, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.41%.
WTI oil price fell yesterday by 0.86% to $85.54 per barrel; Brent oil also decreased by 0.6% to $110.11 per barrel;
Due to these shifts, the difference between Brent and WTI rose to $24.57/bbl. During the month, WTI fell by 7.21%; Brent oil, by 2.8%.
Finally, the Henry Hub future (November delivery) changed direction and hiked by 11.76% to $3.8/mmbtu; the Henry Hub spot decreased to $3.43/mmbtu; the gap between the spot reached $0.37, i.e. contango.
A Summary for October 29th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: