Many commodities bounced back and increased on the penultimate day of this business week: WTI oil and Brent oil prices bounced back yesterday; the prices of silver and gold also rose on Thursday; natural gas Henry Hub future (short term delivery) changed direction again and tumbled down on Thursday; the Euro rose against the USD on Thursday. Some other currency pairs including the Aussie dollar depreciated again against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for November 29th, 2012:
Forex and Bullion Markets:
On Thursday, gold increased by 0.62% and reached $1,727.2; Silver also rose by 1.97% to $34.35. During November, gold rose by 0.47%; silver, by 6.29%.
On Thursday, the Euro/USD increased again by 0.2% to 1.2979; the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.4%.
WTI oil price also rallied by 1.83% to $88.07 per barrel; Brent oil also traded up by 1.13% to $110.76 per barrel;
Thus, the gap between Brent and WTI expanded to $24.52/bbl. During the month, WTI rose by 2.1%; Brent oil, by 1.9%.
Finally, the Henry Hub future (December delivery) tumbled down by 4% to $3.65/mmbtu.
A Summary for November 29th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: