Friday, August 26, 2011

Gold & silver bounced back from sharp falls –August 25

Gold and silver prices gained back yesterday some of their value after they had
fallen very sharply the day before; crude oil prices continue to moderately
change and slightly inclined; natural gas spot price (Henry Hub) changed
direction and declined. Here is a summary of the price movements of precious
metals and energy commodities for August 25th: Precious Metals prices: Gold
price bounced back and slightly inclined yesterday by 0.34% to $1,763; Silver
price also inclined by 4.06% to $40.79. During August, gold prices increased by
8.1%, and silver price by 1.7%. The EURO to US Dollar exchange rate moderately
declined again by 0.25% i.e. the USD appreciated against the EURO. During
August, the EURO to US Dollar slightly fell by 0.14%. Oil and Gas prices: WTI
Spot oil price inclined by 0.26%; it settled at $85.20 per barrel; during
August, the WTI spot oil price declined by 11.0%. Brent spot price also rose by
0.48% to $111.12 per barrel. Due to these changes, the difference between Brent
and WTI inclined to $25.92/bbl. Natural gas Henry Hub future price (September
delivery) increased by 0.26% to $3.93/mmbtu. The Henry Hub spot price fell by
1.96% to $4.01/mmbtu; the gap between

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