Thursday, September 15, 2011

Gold and silver prices continue seeking direction – September 14

Gold and silver prices continue to zigzag with no clear path as they have
moderately declined yesterday; Crude oil WTI price changed direction and
moderately declined as well; Natural gas spot price (Henry Hub) continue to
rise. Here is a summary of the price movements of precious metals and energy
commodities for September 14th: Precious Metals prices: Gold price slightly
declined yesterday by 0.20% to $1,826; Silver price also decreased by 1.60% to
$40.53. During September, gold prices decreased by 0.3% and silver price lost
3.0% of its value. The EURO to US Dollar exchange rate slightly inclined
yesterday by 0.56% to 1.3755 i.e. the USD moderately depreciated against the
EURO. During September, the EURO to US Dollar declined by 4.27%. Oil and Gas
prices: WTI Spot oil price changed direction and fell yesterday by 1.44%; it
settled at $90.21 per barrel; Brent spot price on the other hand increased by
0.19% to $111.54 per barrel; during September the WTI spot oil price slightly
inclined by 0.1% while Brent oil fell by 4.2%. Due to these changes, the
difference between Brent and WTI sharply fell to $21.12/bbl. Natural gas Henry
Hub future price (October delivery) increased by 1.26% to

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