Gold Silver and Oil Declined Again on Monday –Recap August 13th

Many commodities declined again on the first day of the week: crude oil price (WTI and Brent) declined for the second consecutive day; gold and silver also slipped; natural gas Henry Hub (September delivery) and spot prices continued their downward trend. The Euro rose on Monday. Several exchange rates including the Aussie dollar slipped against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 13th, 2012:

Forex and Bullion Markets:

Gold declined by 0.63% to $1,612.6; Silver also fell by 1.05% to reach $27.77. During the month, gold slipped by 0.12%; silver, by 0.53%.

The Euro/USD rose by 0.35% to 1.2333; on the other hand, the U.S Dollar appreciated against several other currencies such as Aussie dollar by 0.58%.

Energy Commodities:

WTI oil price fell again yesterday by 0.15% to $92.73 per barrel;

Brent oil also decreased by 0.43% to $113.08 per barrel;

Following these changes, the gap between Brent and WTI slipped to $20.35/bbl. During the month, WTI rose by 5.3% and Brent oil by 6.7%.

Finally, the Henry Hub future (September delivery) also declined by 1.44% to $2.73/mmbtu; the Henry Hub spot also declined $2.78/mmbtu; the difference between the spot and rose to -$0.05, backwardation.

A Summary for August 13th:

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

Gold Silver Crude oil Natural gas 2012 August 13

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