Gold Silver and Oil Rebounded from Monday’s falls– September 20

Major commodities rebounded from the sharp falls they have endured on Monday and ended yesterday with moderate rises. Gold and silver prices rose but are still below their initial level from the beginning of September; crude oil prices changed direction and  edged up as well; natural gas spot price (Henry Hub) also increased yesterday. Here is a summary of the price movements of precious metals and energy commodities for September 20th:

Precious Metals prices:

Gold price increased yesterday by 1.70% to $1,809; Silver price also rose by 1.79% to $39.87. During September, gold prices decreased by 1.2% and silver price lost 4.6% of its value.

The EURO to US Dollar exchange rate also slightly rose yesterday by 0.12% to 1.3702 – i.e. the USD depreciated against the EURO. During September, the EURO to US Dollar declined by 4.64%.

Oil and Gas prices:

WTI spot oil price added yesterday 1.39% to its value; it settled at $86.89 per barrel; Brent oil price slightly increased by 0.39% to $112.05 per barrel; during September the WTI spot oil price declined by 2.2% and Brent oil price fell by 3.8%.

Due to these changes, the difference between Brent and WTI nearly didn’t change and settled at $25.16/bbl.

Natural gas Henry Hub future price (October delivery) slightly declined by 0.78% to $3.80/mmbtu. The Henry Hub spot price on the other hand increased by 1.32% to $3.83/mmbtu; the gap between the spot and future price slipped to -$0.03, i.e. backwardation. During September, natural gas spot price (Henry Hub) fell by 3.5%.

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):

Gold price and Silver prices Crude oil prices, Natural gas spot price 2011 September 20

For further reading:

Monthly Analysis and Outlook: