Many commodities traded down on Friday: crude oil price (WTI and Brent oil) declined again; gold and silver, on the other hand, traded up on Friday – this was the fifth consecutive day in which silver rose; natural gas Henry Hub future (September delivery) and spot prices decreased on Friday; the Euro declined on Friday. Several exchange rates including the Aussie dollar also depreciated against USD.
Here is a summary of the daily changes in precious metals and energy commodities for August 24th, 2012:
Forex and Bullion Markets:
Gold edged up by 0.01% to $1,672.9; Silver increased by 0.55% to reach $30.71. During the month, gold increased by 3.61%; silver, by 10.01%.
The Euro/USD also rose by 0.41% to 1.2513; further, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.35%.
WTI oil price declined yesterday by 0.13% to $95.85 per barrel;
Brent oil slipped by 0.55% to $115.14 per barrel;
Following these changes, the difference between Brent and WTI rose to $19.29/bbl. During the month, WTI increased by 8.85% and Brent oil by 8.7%.
Finally, the Henry Hub future (September delivery) declined by 3.57% to $2.7/mmbtu; the Henry Hub spot fell to $2.79/mmbtu; the difference between the spot reached -$0.09, backwardation.
A Summary for August 24th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: