Many commodities traded mostly up on the last business day of the week: WTI oil and Brent oil rose for the second consecutive day; the prices of silver and gold also increased on Friday; natural gas Henry Hub future (November delivery) changed direction and tumbled down on Friday; the Euro depreciated again against the USD on Friday. Some 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 November 9th, 2012:
Forex and Bullion Markets:
On Friday, gold increased by 0.28% to $1,730.9; Silver also increased by 1.12% to $32.6. During November, gold rose by 0.69%; silver, by 0.88%.
On Friday, the Euro/USD declined by 0.31% to 1.271; further, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.17%.
WTI oil price also rose yesterday by 1.15% to $86.07 per barrel; Brent oil also increased by 2% to $109.4 per barrel;
Due to these shifts, the gap between Brent and WTI widen to $23.16/bbl. During the month, WTI decreased by 0.2%; Brent oil rose by 0.6%.
Finally, the Henry Hub future (December delivery) decreased by 3.05% to reach $3.5/mmbtu.
A Summary for November 9th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: