Oil prices continue to rally; Gold & silver also inclined – August 30

Crude oil prices have completed yesterday a four consecutive business days
rally; Brent oil nearly eliminated all its losses from the beginning of the
month; Gold and silver prices continue to zigzag as they have finished yesterday
on a rise; natural gas spot price (Henry Hub) continues to freefall and has
completed a 5.6% drop in the past four business days. Here is a summary of the
price movements of precious metals and energy commodities for August 30th:
Precious Metals prices: Gold price inclined yesterday by 2.13% to $1,829; Silver
price also rose by 2.13% to $41.46. During August, gold prices increased by
12.2%, and silver price by only 3.4%. The EURO to US Dollar exchange rate
decreased by 0.48% i.e. the USD appreciated against the EURO. During August,
the EURO to US Dollar slightly rose by 0.38%. Oil and Gas prices: WTI Spot oil
price inclined by 1.87%; it settled at $88.90 per barrel; Brent spot price also
rose by 1.5% to $114.79 per barrel; during August the WTI spot oil price
declined by 7.1% and Brent oil by only 1.7%. Due to these changes, the
difference between Brent and WTI declined to $25.89/bbl. Natural gas Henry Hub