Wednesday, September 28, 2011

Gold and Silver Prices Changed Direction and Inclined –September 27

XCSFDHG46767FHJHJF

DG365FD46564GFH654FU898 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%



No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...