Gold and Oil Declined Again on Monday– Recap October 8th

The major commodities prices fell again on the first day of the week: WTI oil and Brent oil decreased yesterday; gold and silver also declined on Monday; natural gas Henry Hub future (November delivery) edged up on Monday; the Euro 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 8th, 2012:

Forex and Bullion Markets:

On Monday, gold declined by 0.29% to $1,775.7; Silver also decreased by 1.61% to reach $34.02. During the month, gold increased by 0.1%; silver declined by 1.62%.

On Monday, the Euro/USD also decreased by 0.55% to 1.2968; on the other hand, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.04%.

Energy Commodities:

WTI oil price declined yesterday by 0.61% to $89.33 per barrel;

Brent oil edged down by 0.03% to $112.23 per barrel;

Following these shifts, the difference between Brent and WTI increased to $22.9/bbl. During the month, WTI declined by 3.1%; Brent oil, by 0.9%.

Finally, the Henry Hub future (November delivery) edged up by 0.29% to $3.41/mmbtu; the Henry Hub spot tumbled down to $3.18/mmbtu; the gap between the spot reached to $0.23, i.e. contango.

A Summary for October 8th:

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

Gold Silver Crude oil Natural gas 2012 October 8

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