Gold Silver and Oil Prices Fell on Friday– Recap October 12th

The major commodities prices were trade in a mixed trend on the last day of the week: WTI oil and Brent oil declined yesterday; gold and the price of silver declined again on Friday; natural gas Henry Hub future (November delivery) continued to trade up on Friday; the Euro slightly appreciated again against the USD on Friday. Several other currency pairs including the Aussie dollar fell against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for October 12th, 2012:

Forex and Bullion Markets:

On Friday, gold fell by 0.62% to $1,759; Silver decreased again by 1.21% to $33.67. During the month, gold decreased by 0.8%; silver, by 2.63%.

On Friday, the Euro/USD increased by 0.18% to 1.2951; alternatively, the U.S Dollar appreciated against some other currencies including Aussie dollar by 0.28%.

Energy Commodities:

WTI oil price changed direction again and decreased yesterday by 0.23% to $91.86 per barrel. Brent oil fell by 2.09% to $114.21 per barrel;

Following these shifts, the difference between Brent and WTI decreased to $22.35/bbl. During the month, WTI fell by 0.36%; Brent oil rose by 0.8%.

Finally, the Henry Hub future (November delivery) rose again by 0.28% to $3.61/mmbtu; the Henry Hub spot rose to $3.38/mmbtu; the gap between the spot reached to $0.23, i.e. contango.

A Summary for October 12th:

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

Gold Silver Crude oil Natural gas 2012 October 12

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