Gold and silver prices fell very sharply yesterday and thus erased all their
gains from the past week and a half; these falls were the sharpest for gold
price in 2011 and the steepest for silver price since May 5th 2010; crude oil
prices didn't change much with WTI slightly falling and Brent oil price
slightly rising; natural gas spot price (Henry Hub) inclined again. Here is a
summary of the price movements of precious metals and energy commodities for
August 24th: Precious Metals prices: Gold price sharply declined yesterday by
5.59% to $1,757 – a similar price it was at back in August 15th; Silver price
also sharply fell by 7.39% to $39.20. During August, gold prices increased by
7.7%, but silver price fell by 2.3%. The EURO to US Dollar exchange rate
continues to zigzag as it moderately declined yesterday by 0.19% i.e. the USD
appreciated against the EURO. During August, the EURO to US Dollar slightly rose
by 0.11%. Oil and Gas prices: WTI Spot oil price declined by 0.34%; it settled
at $84.98 per barrel; during August, the WTI spot oil price declined by 11.2%.
Brent spot price on the other hand rose by 0.26%
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