Gold Silver and Oil Tumbled Down Yesterday – Recap November 20th

Many commodities changed direction and traded down on the second business day of the week: WTI oil and Brent oil traded sharply down yesterday; the prices of silver and gold also fell on Monday; natural gas Henry Hub future (December delivery), on the other hand, changed direction on Monday and hiked; the Euro moderately appreciated against the USD on Monday. Some other currency pairs including the Aussie dollar depreciated against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for November 20th, 2012:

Forex and Bullion Markets:

On Monday, gold fell by 0.62% and reached $1,723.6; Silver also decreased by 0.78% to $32.93. During November, gold rose by 0.26%; silver, by 1.9%.

On Monday, the Euro/USD edged up by 0.02% to 1.2817; moreover, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.21%.

Energy Commodities:

WTI oil price plunged yesterday by 2.83% to $86.75 per barrel; Brent oil also decreased by 1.67% to $109.83 per barrel;

Due to these shifts, the difference between Brent and WTI narrowed to $23.59/bbl. During the month, WTI increased by 1%; Brent oil, by 0.6%.

Finally, the Henry Hub future (December delivery) hiked by 2.96% to reach $3.83/mmbtu.

A Summary for November 20th:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 November 20

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