Gold Silver and Oil Bounced Back on Tuesday– Recap October 16th

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 October 16

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