Many commodities traded up on the second day of the week: crude oil price (WTI and Brent oil) rose again yesterday; gold and silver prices hiked on Tuesday – this was the second consecutive day in which precious metals rose; natural gas Henry Hub future (September delivery) remained unchanged while spot prices increased again on Tuesday; The Euro also hiked on Tuesday. Several exchange rates including the Aussie dollar also appreciated against USD.
Here is a summary of the daily changes in precious metals and energy commodities for August 21st, 2012:
Forex and Bullion Markets:
Gold hiked again by 1.23% to $1,642.9; Silver also rose by 2.92% to reach $29.51. During the month, gold increased by 1.75%; silver, by 5.73%.
The Euro/USD also rose by 1.03% to 1.2473; further, the U.S Dollar also depreciated against several other currencies such as Aussie dollar by 0.42%.
WTI oil price increased again yesterday by 0.45% to $96.4 per barrel;
Brent oil also rose by 0.54% to $116.32 per barrel;
Following these changes, the difference between Brent and WTI rose to $19.92/bbl. During the month, WTI increased by 9.47% and Brent oil by 9.8%.
Finally, the Henry Hub future (September delivery) remained unchanged at $2.78/mmbtu; the Henry Hub spot increased to $2.8/mmbtu; the difference between the spot reached $0.03, Contango.
A Summary for August 21st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: