Tuesday, September 20, 2011

Gold Silver and Crude Oil Rebounded from Monday’s falls– September 20

Major commodities rebounded from the sharp falls they have endured on Monday and
ended yesterday with moderate rises. Gold and silver prices inclined but are
still below their initial level from the beginning of September; crude oil
prices changed direction and slightly inclined as well; natural gas spot price
(Henry Hub) also inclined yesterday. Here is a summary of the price movements of
precious metals and energy commodities for September 20th: Precious Metals
prices: Gold price increased yesterday by 1.70% to $1,809; Silver price also
rose by 1.79% to $39.87. During September, gold prices decreased by 1.2% and
silver price lost 4.6% of its value. The EURO to US Dollar exchange rate also
slightly inclined yesterday by 0.12% to 1.3702 i.e. the USD depreciated against
the EURO. During September, the EURO to US Dollar declined by 4.64%. Oil and Gas
prices: WTI spot oil price added yesterday 1.39% to its value; it settled at
$86.89 per barrel; Brent oil price slightly increased by 0.39% to $112.05 per
barrel; during September the WTI spot oil price declined by 2.2% and Brent oil
price fell by 3.8%. Due to these changes, the difference between Brent and WTI
nearly didnt change and

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