Many major commodities prices rose on Friday: crude oil price (WTI) and Brent oil hiked on the last day of the month; gold and silver changed direction and hiked after they had declined for three consecutive days; natural gas Henry Hub future (September delivery) also trade up again along with spot rate on Friday; the Euro rose on Friday. Many other currency pairs including the Aussie dollar/USD also increased.
Here is a summary of the daily changes in precious metals and energy commodities for August 31st, 2012:
Forex and Bullion Markets:
Gold rose by 1.84% to $1,687.6; Silver also increased by 3.27% to reach $31.44. During the month, gold increased by 4.52%; silver, by 12.64%.
The Euro/USD rose by 0.58% to 1.2579; further, the U.S Dollar also depreciated against many other currencies including Aussie dollar by 0.31%.
WTI oil price bounced back yesterday by 1.96% to $96.47 per barrel;
Brent oil also by 1.85% to $115.46 per barrel;
Following these changes, the gap between Brent and WTI rose to $18.99/bbl. During the month, WTI increased by 9.55% and Brent oil by 9%.
Finally, the Henry Hub future (September delivery) rose by 2.19% to $2.8/mmbtu; the Henry Hub spot also increased to $2.74/mmbtu; the difference between the spot reached $0.06, contango.
A Summary for August 31st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: