Major commodities trade in a mixed trend on Wednesday: WTI oil decline again and thus completed a three consecutive days of falls, while Brent oil rose again; gold and silver also declined; silver fell for the fourth straight day; natural gas Henry Hub future (October delivery) and spot price hiked on Wednesday; the Euro depreciated again against the USD on Wednesday. Many other currency pairs including the Aussie dollar/USD also fell.
Here is a summary of the daily developments of precious metals and energy commodities for September 26th, 2012:
Forex and Bullion Markets:
On Wednesday, gold declined by 0.72% to $1,753.6; Silver also fell again by 0.02% to reach $33.94. During the month, gold increased by 3.91%; silver, by 7.94%.
On Wednesday, the Euro/USD also decreased by 0.2% to 1.2873; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.18%.
WTI oil price decreased again yesterday by 1.11 % to $89.98 per barrel;
Brent oil on the other hand rose by 0.18% to $110.87 per barrel;
Following these shifts, the difference between Brent and WTI rose to $20.89/bbl. During the month, WTI fell by 6.73%; Brent oil, by 4%.
Finally, the Henry Hub future (October delivery) hiked again by 9.93% to $3.21/mmbtu; the Henry Hub spot also rose to $2.92/mmbtu; the gap between the spot expanded to $0.29, i.e. contango.
A Summary for September 26th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: