The major commodities prices were trade mostly down on the first day of the week: WTI oil edged down while Brent oil increased yesterday; gold and the price of silver fell again on Monday; natural gas Henry Hub future (November delivery) changed direction and tumbled down on Monday; the Euro slightly depreciated against the USD on Monday. Several other currency pairs including the Aussie dollar rose against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for October 15th, 2012:
Forex and Bullion Markets:
On Monday, gold declined by 1.26% to $1,737; Silver decreased again by 2.75% to $32.74. During the month, gold decreased by 2.05%; silver, by 5.3%.
On Monday, the Euro/USD edged down by 0.02% to 1.2949; alternatively, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.20%.
WTI oil price edged down as well yesterday by 0.01% to $91.85 per barrel. Brent oil rose by 1.39% to $115.8 per barrel;
Following these changes, the difference between Brent and WTI expanded to $23.95/bbl. During the month, WTI fell by 0.37%; Brent oil rose by 2.2%.
Finally, the Henry Hub future (November delivery) changed direction and fell by 3.6% to $3.48/mmbtu; the Henry Hub spot fell to $3.33/mmbtu; the gap between the spot reached to $0.23, i.e. contango.
A Summary for October 15th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: