Thursday, September 29, 2011

Gold Silver and Oil Prices Sharply Fell –Daily Recap September 28

Gold and silver prices shifted direction again and after they had inclined on
Tuesday, they fell again on Wednesday, along with the rest of the financial
markets including US stock market. Crude oil prices sharply declined as well;
natural gas prices (Henry Hub) also finished yesterday falling. Here is a
summary of the price movements of precious metals and energy commodities for
September 28th: Precious Metals prices: Gold price changed direction again and
sharply fell by 2.08% to $1,618; Silver price also decreased by 4.45% to $30.13.
During September, gold prices decreased by 11.7% and silver price shed 27.9% of
its value. The EURO to US Dollar exchange rate slightly slipped yesterday by
0.31% to 1.3533 i.e. the USD appreciated against the EURO. The USD sharply
appreciated yesterday against other currencies including the AUD and CAD. During
September, the EURO to US Dollar fell by 5.75%. Oil and Gas prices: WTI oil
price also sharply declined yesterday by 3.53% to $81.21 per barrel; Brent oil
price decreased by 3.96% to $105.20 per barrel; during September the WTI oil
price declined by 8.6% and Brent oil price fell by 9.7%. Due these changes, the
difference between Brent and WTI slipped

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