Silver and Oil Started the Week Edging Down – Recap November 12th

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%.

Energy Commodities:

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:

Gold Silver Crude oil Natural gas 2012 November 12

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