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%.
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:
For further reading: