Major commodities prices bounced back on the second day of the week: WTI and Brent oil rose yesterday; the prices of silver and gold also edged up on Tuesday; natural gas Henry Hub future (November delivery) changed direction on Tuesday again and fell; the Euro slightly appreciated against the USD on Tuesday. Many other currency pairs including the Aussie dollar also rose against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 30th, 2012:
Forex and Bullion Markets:
On Tuesday, gold edged up by 0.2% to $1,712.1; Silver also increased by 0.22% to $31.82. During the month, gold decreased by 3.48%; silver, by 8%.
On Tuesday, the Euro/USD rose by 0.43% to 1.2958; further, the U.S Dollar also depreciated against some other currencies including Aussie dollar by 0.34%.
WTI oil price also changed direction yesterday and rose by 0.04% to $85.57 per barrel; Brent oil also increased by 0.21% to $110.34 per barrel;
Due to these changes, the difference between Brent and WTI rose to $24.77/bbl. During the month, WTI declined by 7.18%; Brent oil, by 2.6%.
Finally, the Henry Hub future (November delivery) changed direction again and fell by 2.89% to $3.69/mmbtu; the Henry Hub spot decreased to $3.42/mmbtu; the gap between the spot reached $0.37, i.e. contango.
A Summary for October 30th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: