Tuesday, September 27, 2011

Gold and Silver Kept Falling | Oil Slightly Inclined –September 26

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DG365FD46564GFH654FU898 Gold and silver prices continued their downward trend they have started during the second part of last week. Yesterday, however they have declined by a moderate rate. Crude oil prices bounced back form the falls of last week and slightly inclined yesterday; natural gas prices (Henry Hub) also gained back some of last week’s losses. Here is a summary of the price movements of precious metals and energy commodities for September 26th: Precious Metals prices: Gold price declined yesterday by 2.74% to $1,594; Silver price slightly decreased by 0.42% to $29.98. During September, gold prices decreased by 12.9% and silver price shed 28.2% of its value. The EURO to US Dollar exchange rate inclined yesterday by 0.24% to 1.3533 – i.e. the USD depreciated against the EURO. The USD also depreciated yesterday against other currencies including the AUD and CAD. During September, the EURO to US Dollar fell by 5.82%. Oil and Gas prices: WTI spot oil price bounced back and inclined yesterday by 0.83% to $80.24 per barrel; Brent oil price also increased by 0.58% to $107.26 per barrel; during September the WTI spot oil price declined by 9.6% and Brent oil price fell by 7.9%. Despite these changes,



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