Major commodities traded in a mixed trend during the first day after the American National Holiday: WTI and Brent oil prices declined; on the other hand, gold and silver rose again for the second consecutive business day; natural gas Henry Hub future (October delivery) and spot also bounced back on Tuesday; the Euro edged down on Tuesday. Several other currency pairs including the Aussie dollar/USD also decreased.
Here is a summary of the daily changes in precious metals and energy commodities for September 4th, 2012:
Forex and Bullion Markets:
On Tuesday, gold rose by 0.5% to $1,696.0; Silver also hiked by 3.08% to reach $32.41. During the month, gold increased by 0.5%; silver, by 3.08%.
On Tuesday, the Euro/USD declined by 0.21% to 1.2566; further, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.21%.
WTI oil price declined yesterday at $95.3 per barrel;
Brent oil also fell by 1.36% to $114.19 per barrel;
Following these developments, the difference between Brent and WTI fell to $18.89/bbl. During the month, WTI decreased by 1.2% and Brent oil by 1.1%.
Finally, the Henry Hub future (October delivery) bounced back by 1.8% to $2.85/mmbtu; the Henry Hub spot also rose at $2.81/mmbtu; the difference between the spot reached $0.04, contango.
A Summary for September 4th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: