Silver and Oil Declined Again on Tuesday– Recap September 25th

Major commodities trade in a mixed trend on the second day of the week: WTI oil decline while Brent oil started edged up; gold and silver also moved in different directions as gold edged up while silver slipped; natural gas Henry Hub future (October delivery) and spot price rallied on Tuesday; the Euro depreciated again against the USD on Tuesday. Many other currency pairs including the Aussie dollar/USD also declined.

Here is a summary of the daily developments of precious metals and energy commodities for September 25th, 2012:

Forex and Bullion Markets:

On Tuesday, gold edged up by 0.1% to $1,766.4; Silver declined again by 0.11% to reach $33.95. During the month, gold increased by 4.67%; silver, by 7.97%.

On Tuesday, the Euro/USD also decreased by 0.25% to 1.2899; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.35%.

Energy Commodities:

WTI oil price declined again yesterday by 0.7% to $90.99 per barrel;

Brent oil on the other hand increased by 0.24% to $110.67 per barrel;

Following these changes, the difference between Brent and WTI rose to $19.68/bbl. During the month, WTI fell by 5.68%; Brent oil, by 4.1%.

Finally, the Henry Hub future (October delivery) hiked by 2.82% to $2.92/mmbtu; the Henry Hub spot also rose to $2.84/mmbtu; the gap between the spot expanded to $0.08, i.e. contango.

A Summary for September 25th:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 September 25

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