Wednesday, September 14, 2011

Gold and silver prices corrected and slightly inclined – September 13

Gold and silver prices corrected for their decline on Monday and ended yesterday
slightly up; Crude oil WTI price continued to follow the US stock market and
finished yesterday in the green; Natural gas spot price (Henry Hub) changed
direction and also inclined. Here is a summary of the price movements of
precious metals and energy commodities for September 13th: Precious Metals
prices: Gold price ended yesterday slightly up with a 0.93% increase to $1,830;
Silver price also increased by 2.43% to $41.19. During September, gold prices
decreased by 0.1% and silver price lost 1.4% of its value. The EURO to US Dollar
exchange rate nearly didnt change as it slightly declined yesterday by 0.01% to
1.3678 i.e. the USD moderately appreciated against the EURO. During September,
the EURO to US Dollar declined by 4.81%. Oil and Gas prices: WTI Spot oil price
inclined again for the second consecutive day, yesterday by 2.29%; it settled at
$90.21 per barrel; Brent spot price on the other hand decreased by 1.04% to
$111.33 per barrel; during September the WTI spot oil price inclined by 1.6%
while Brent oil fell by 4.4%. Due to these changes, the difference between Brent
and WTI

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