Major commodities traded in a mixed trend during Wednesday: WTI oil price edged up while Brent oil price declined; further, gold and silver changed direction and decreased yesterday, after they had risen for two consecutive business days; natural gas Henry Hub future (October delivery) tumbled down while spot also bounced rose again Wednesday; the Euro edged up on Wednesday. Several other currency pairs including the Aussie dollar/USD decreased.
Here is a summary of the daily changes in precious metals and energy commodities for September 5th, 2012:
Forex and Bullion Markets:
On Wednesday, gold edged down by 0.12% to $1,694; Silver also declined by 0.25% to reach $32.33. During the month, gold increased by 0.4%; silver, by 2.8%.
On Wednesday, the Euro/USD rose by 0.28% to 1.2601; alternatively, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.31%.
WTI oil price edged up yesterday by 0.06% to $95.36 per barrel;
Brent oil fell by 0.31% to $113.84 per barrel;
Following these developments, the gap between Brent and WTI fell to $18.48/bbl. During the week, WTI decreased by 1.2% and Brent oil by 1.4%.
Finally, the Henry Hub future (October delivery) declined by 2.1% to $2.79/mmbtu; the Henry Hub spot rose at $2.87/mmbtu; the difference between the spot reached -$0.08, backwardation.
A Summary for September 5th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: