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

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DG365FD46564GFH654FU898 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