Many commodities were traded down on the first business day of the week: WTI oil and Brent oil slightly declined; the price of silver edged down while gold remained unchanged on Monday; natural gas Henry Hub future (December delivery) changed direction and rose on Monday; the Euro appreciated against the USD on Monday. Some other currency pairs including the Aussie dollar also rose against the USD.
Here is a summary of the daily developments of precious metals and energy commodities for November 12th, 2012:
Forex and Bullion Markets:
On Monday, gold remained unchanged on $1,730.9; Silver decreased by 0.25% to $32.52. During November, gold rose by 0.69%; silver, by 0.63%.
On Monday, the Euro/USD remained virtually unchanged as it edged up by 0.01% to 1.2711; conversely, the U.S Dollar depreciated against several other currencies including Aussie dollar by 0.39%.
WTI oil price declined yesterday by 0.58% to $85.57 per barrel; Brent oil also decreased by 0.3% to $109.07 per barrel;
Due to these changes, the gap between Brent and WTI narrowed to $22.83/bbl. During the month, WTI decreased by 0.8%; Brent oil rose by 0.3%.
Finally, the Henry Hub future (December delivery) rose by 2% to reach $3.57/mmbtu.
A Summary for November 12th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: