Gold and silver prices changed direction and made a comeback from the last few
days sharp declines. It seems that the corrections related to the CME margin
hike on gold and silver contracts was completed; crude oil prices continued to
rise and also sharply inclined yesterday; natural gas prices (Henry Hub) also
finished yesterday rising. Here is a summary of the price movements of precious
metals and energy commodities for September 27th: Precious Metals prices: Gold
price bounced back from the last few days falls and finished yesterday with a
3.62% to $1,652; Silver price also increased by 5.20% to $31.54. During
September, gold prices decreased by 9.8% and silver price shed 24.5% 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 oil price made a comeback
and sharply inclined yesterday by 5.25% to $84.45 per barrel; Brent oil price
also increased by 1.58% to $108.95 per barrel; during September the WTI oil
price declined by 4.9%
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