The major commodities prices were trade in a mixed trend on the second day of the week: WTI oil edged up while Brent oil decreased yesterday; gold and the price of silver bounced back and rose on Tuesday; natural gas Henry Hub future (November delivery) declined again on Tuesday; the Euro appreciated against the USD on Tuesday. Several other currency pairs including the Aussie dollar also rose against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 16th, 2012:
Forex and Bullion Markets:
On Tuesday, gold rose by 0.5% to $1,746.3; Silver also increased by 0.66% to $32.96. During the month, gold decreased by 1.56%; silver, by 4.68%.
On Tuesday, the Euro/USD increased by 0.8% to 1.3053; further, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.21%.
WTI oil price rose as well yesterday by 0.26% to $92.09 per barrel. Brent oil fell by 0.55% to $115.16 per barrel;
Following these shifts, the difference between Brent and WTI contracted to $23.07/bbl. During the month, WTI fell by 0.11%; Brent oil rose by 1.7%.
Finally, the Henry Hub future (November delivery) declined again by 1.44% to $3.43/mmbtu; the Henry Hub spot fell to $3.27/mmbtu; the gap between the spot reached to $0.16, i.e. contango.
A Summary for October 16th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: