Many commodities bounced back and were traded up on the penultimate business day of the week: WTI oil and Brent oil bounced back on Thursday; the prices of silver and gold also rose after they had declined a day earlier; natural gas Henry Hub future (November delivery) also rose on Thursday; the Euro slightly depreciated again against the USD on Thursday. Some other currency pairs including the Aussie dollar also edged down against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for November 8th, 2012:
Forex and Bullion Markets:
On Thursday, gold rose by 0.7% to $1,726.0; Silver also increased by 1.8% to $32.24. During November, gold rose by 0.4%; silver slipped by 0.24%.
On Thursday, the Euro/USD also slipped by 0.17% to 1.2749; further, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.03%.
WTI oil price also rallied yesterday by 0.4% to $85.09 per barrel; Brent oil also increased by 0.77% to $107.25 per barrel;
Due to these changes, the gap between Brent and WTI widen to $21.01/bbl. During the month, WTI decreased by 1.3%; Brent oil, by 1.3%.
Finally, the Henry Hub future (December delivery) also increased by 0.84% to reach $3.61/mmbtu.
A Summary for November 8th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: