Gold Silver and Euro Rose Again on Thursday –Recap August 23rd

Following the publication of the minutes of the FOMC meeting the prices of bullion prices hiked. On the other hand, many commodities traded down on Thursday: crude oil price (WTI and Brent oil) decreased again; gold and silver traded sharply up on Thursday – this was the fourth consecutive day in which silver increased; natural gas Henry Hub future (September delivery) decreased while spot prices edged up on Thursday; The Euro rose again on Thursday. Several exchange rates including the Canadian dollar depreciated against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 23rd, 2012:

Forex and Bullion Markets:

Gold rose by 1.97% to $1,672.8; Silver rose by 3% to reach $30.54. During the month, gold increased by 3.6%; silver, by 9.4%.

The Euro/USD also rose by 0.28% to 1.2564; further, the U.S Dollar appreciated against several other currencies including Canadian dollar by 0.25%.

Energy Commodities:

WTI oil price fell yesterday by 1.04% to $95.97 per barrel;

Brent oil slipped by 0.16% to $115.78 per barrel;

Following these changes, the difference between Brent and WTI rose to $19.81/bbl. During the month, WTI increased by 8.98% and Brent oil by 9.3%.

Finally, the Henry Hub future (September delivery) declined by 1.06% to $2.8/mmbtu; the Henry Hub spot rose to $2.81/mmbtu; the difference between the spot reached -$0.01, backwardation.

A Summary for August 23rd:

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

Gold Silver Crude oil Natural gas 2012 August 23

For further reading: