Major commodities prices continued their rally and rose during yesterday: crude oil price including WTI and Brent oil rose on Monday; gold and silver prices also increased; natural gas Henry Hub (September delivery) also increased. The Euro edged up on Monday. Many exchange rates including the Canadian dollar also rose against USD.
Here is a summary of the daily changes in precious metals and energy commodities for August 6th, 2012:
Forex and Bullion Markets:
Gold increased by 0.43% to $1,616.2; Silver also rose by 0.22% and reached $27.86. During the month, gold rose by 0.1%; silver slipped by 0.18%.
The Euro/USD also edged up by 0.11% to 1.2401; further, the U.S Dollar also depreciated against many other currencies such as Canadian dollar by 0.11%.
WTI oil price also increased yesterday by 0.88% to $92.2 per barrel;
Brent oil also rose by 0.48% to $110.07 per barrel;
Following these changes, the gap between Brent and WTI declined to $17.87/bbl. During the month, WTI rose by 4.7% and Brent oil by 3.9%.
Finally, the Henry Hub future (September delivery) rose by 1.04% to $2.91/mmbtu; the Henry Hub spot decreased to $2.9/mmbtu; the difference between the spot and future rose to $0.01, contango.
A Summary for August 6th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: