Many commodities changed direction and rallied on the third business day of the week: WTI oil and Brent oil traded up yesterday; the prices of silver and gold also increased on Wednesday; natural gas Henry Hub future (December delivery) also rose on Wednesday; the Euro slightly appreciated against the USD on Wednesday. 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 21st, 2012:
Forex and Bullion Markets:
On Wednesday, gold rose by 0.34% and reached $1,729.4; Silver also increased by 1.29% to $33.36. During November, gold rose by 0.6%; silver, by 3.22%.
On Wednesday, the Euro/USD rose by 0.1% to 1.283; moreover, the U.S Dollar depreciated against some other currencies including Aussie dollar by 0.19%.
WTI oil price also increased yesterday by 0.73% to $87.38 per barrel; Brent oil also increased by 0.94% to $110.86 per barrel;
Due to these changes, the difference between Brent and WTI expanded to $24.62/bbl. During the month, WTI increased by 1.3%; Brent oil, by 2%.
Finally, the Henry Hub future (December delivery) also rose by 1.93% to reach $3.9/mmbtu.
A Summary for November 21st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: