Many commodities traded mostly down again on the second day of the week: WTI oil and Brent oil prices decreased yesterday; the prices of silver and gold also declined Tuesday; natural gas Henry Hub future (short term delivery) changed direction from Monday and bounced back on Tuesday; the Euro slipped against the USD on Tuesday. Some other currency pairs including the Aussie dollar also depreciated again against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for November 27th, 2012:
Forex and Bullion Markets:
On Tuesday, gold declined by 0.42% and reached $1,742.3; Silver also fell by 0.46% to $33.98. During November, gold increased by 1.35%; silver, by 5.15%.
On Tuesday, the Euro/USD declined by 0.22% to 1.2944; the U.S Dollar also appreciated against some other currencies including Aussie dollar by 0.18%.
Energy Commodities:
WTI oil price declined by 0.64% to $87.18 per barrel; Brent oil also traded down by 0.95% to $109.87 per barrel;
Thus, the difference between Brent and WTI narrowed again to $23.63/bbl. During the month, WTI rose by 1.1%; Brent oil, by 1.1%.
Finally, the Henry Hub future (December delivery) rose by 1.1% to $3.77/mmbtu.
A Summary for November 27th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: