Many commodities rates increased on the third day of the week and on the first trading day of week in New York following Hurricane Sandy: WTI oil rose again yesterday while Brent oil changed direction and slipped; the prices of silver and gold rose for the second consecutive day; natural gas Henry Hub future (November delivery) changed direction on Wednesday again and edged up; the Euro moderately appreciated against the USD on Wednesday. Several other currency pairs including the Aussie dollar also increased against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 31st, 2012:
Forex and Bullion Markets:
On Wednesday, gold rose by 0.41% to $1,719.1; Silver also rose by 1.57% to $32.32. During the month, gold decreased by 3.09%; silver, by 6.54%.
On Wednesday, the Euro/USD edged up by 0.02% to 1.296; further, the U.S Dollar also slightly depreciated against some other currencies including Aussie dollar by 0.1%.
WTI oil price rose again yesterday by 0.78% to $86.24 per barrel; Brent oil on the other hand decreased by 0.84% to $109.41 per barrel;
Due to these shifts, the difference between Brent and WTI contracted to $23.14/bbl. During the month, WTI declined by 6.45%; Brent oil, by 3.4%.
Finally, the Henry Hub future (November delivery) changed direction again and edged up by 0.27% to $3.7/mmbtu; the Henry Hub spot increased to $3.51/mmbtu; the gap between the spot reached $0.19, i.e. contango.
A Summary for October 31st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: