Gold and silver prices changed direction again and ended yesterday sharply decreasing; crude oil prices continued last week’s trend and declined as well; natural gas spot price (Henry Hub) also declined yesterday. Here is a summary of the price movements of precious metals and energy commodities for September 19th:
Precious Metals prices:
Gold price sharply decreased yesterday by 1.97% to $1,778; Silver price also fell by 4.09% to $39.16. During September, gold prices decreased by 2.9% and silver price lost 6.2% of its value.
The EURO to US Dollar exchange rate also sharply fell yesterday by 0.80% to 1.3685 – i.e. the USD appreciated against the EURO. During September, the EURO to US Dollar declined by 4.76%.
Oil and Gas prices:
WTI Spot oil price declined yesterday by 2.57%; it settled at $85.70 per barrel; Brent spot price also sharply decreased by 2.42% to $111.61 per barrel; during September the WTI spot oil price declined by 3.5% and Brent oil price fell by 4.2%.
Due to these changes, the difference between Brent and WTI sharply inclined to $25.15/bbl.
Natural gas Henry Hub future price (October delivery) slightly inclined by 0.52% to $3.83/mmbtu. The Henry Hub spot price declined by 1.56% to $3.78/mmbtu; the gap between the spot and future price sharply rose to $0.05, i.e. contango. During September, natural gas spot price (Henry Hub) fell by 4.8%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
Monthly Analysis and Outlook: