Major commodities traded up on the last day of the week: WTI oil and Brent oil finished the week on a positive note as both oil prices rose; gold changed direction and increased while silver declined; natural gas Henry Hub future (October delivery) and spot price hiked on Friday; the Euro appreciated against the USD on Friday. Several other currency pairs including the Aussie dollar/USD also traded up.
Here is a summary of the daily developments of precious metals and energy commodities for September 21st, 2012:
Forex and Bullion Markets:
On Friday, gold rose by 0.44% to $1,778; Silver declined by 0.13% to reach $34.64. During the month, gold increased by 5.36%; silver, by 10.16%.
On Friday, the Euro/USD rose by 0.1% to 1.2981; further, the U.S Dollar also depreciated against several other currencies including Aussie dollar by 0.2%.
WTI oil price bounced back and rose yesterday by 0.81% to $92.61 per barrel;
Brent oil also increased by 0.72% to $112.29 per barrel;
Following these shifts, the difference between Brent and WTI edged up to $19.68/bbl. During the month, WTI fell by 4%; Brent oil, by 2.7%.
Finally, the Henry Hub future (October delivery) hiked by 3.58% to $2.89/mmbtu; the Henry Hub spot also rose to $2.8/mmbtu; the gap between the spot reached $0.09, i.e. contango.
A Summary for September 21st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: