Gold and Oil Tumbled Down Again on Friday– Recap October 5th

The major commodities prices changed direction and fell on the last day of the week: WTI oil declined while Brent oil edged up yesterday; gold and silver also decreased on Friday; natural gas Henry Hub future (November delivery) slipped on Friday; the Euro slightly appreciated 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 5th, 2012:

Forex and Bullion Markets:

On Friday, gold decreased by 0.87% to $1,780.8; Silver also fell by 1.51% to reach $34.57. During the month, gold increased by 0.39%; silver remained nearly unchanged.

On Friday, the Euro/USD also increased by 0.87% to 1.3017; further, the U.S Dollar depreciated against several other currencies including Aussie dollar by 0.24%.

Energy Commodities:

WTI oil price declined yesterday by 2 % to $89.88 per barrel;

Brent oil edged up by 0.06% to $112.26 per barrel;

Following these changes, the difference between Brent and WTI rose to $22.38/bbl. During the month, WTI declined by 2.51%; Brent oil, by 0.9%.

Finally, the Henry Hub future (November delivery) slipped by 0.29% to $3.4/mmbtu; the Henry Hub spot increase to $3.26/mmbtu; the gap between the spot reached to $0.14, i.e. contango.

A Summary for October 5th:

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

Gold Silver Crude oil Natural gas 2012 October 5

For further reading: