Gold Silver and Oil Rose Again on Wednesday– Recap October 31st

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 October 31

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