Major commodities prices were traded down again on the second day of the week: WTI and Brent oil fell yesterday; the prices of silver and gold also decreased on Tuesday; natural gas Henry Hub future (November delivery) bounced back on Tuesday; the Euro depreciated against the USD on Tuesday. Many other currency pairs including the Aussie dollar also declined against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 23rd, 2012:
Forex and Bullion Markets:
On Tuesday, gold fell by 0.98% to $1,709.4; Silver also decreased by 1.42% to $31.79. During the month, gold decreased by 3.64%; silver, by 8.05%.
On Tuesday, the Euro/USD declined by 0.57% to 1.2986; further, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.53%.
WTI oil price fell again yesterday by 2.72% to $86.32 per barrel; Brent oil also declined by 1.49% to $109.09 per barrel;
Due to these developments, the difference between Brent and WTI rose to $22.77/bbl. During the month, WTI fell by 6.37%; Brent oil, by 3.7%.
Finally, the Henry Hub future (November delivery) rose by 2.31% to $3.54/mmbtu; the Henry Hub spot decreased to $3.34/mmbtu; the gap between the spot reached to $0.2, i.e. contango.
A Summary for October 23rd:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: