Many commodities changed direction and declined on the last day of the week: crude oil price (WTI and Brent) changed direction and fell on Friday; gold rate edged up while silver slipped; natural gas Henry Hub (September delivery) and spot prices tumbled down. The Euro declined again on Friday. Several exchange rates including the Aussie dollar edged down against USD.
Here is a summary of the daily changes in precious metals and energy commodities for August 10th, 2012:
Forex and Bullion Markets:
Gold edged up again by 0.16% to $1,622.8; Silver slipped by 0.12% to reach $28.06. During the month, gold rose by 0.51%; silver, by 0.53%.
The Euro/USD also declined by 0.13% to 1.229; further, the U.S Dollar depreciated against several other currencies such as Aussie dollar by 0.03%.
WTI oil price changed direction and fell yesterday by 0.52% to $92.87 per barrel;
Brent oil also decreased by 0.29% to $113.57 per barrel;
Following these changes, the gap between Brent and WTI rose to $20.70/bbl. During the month, WTI rose by 5.46% and Brent oil by 7.2%.
Finally, the Henry Hub future (September delivery) fell by 6.1% to $2.77/mmbtu; the Henry Hub spot also declined $2.84/mmbtu; the difference between the spot and future declined to -$0.07, backwardation.
A Summary for August 10th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: