Gold & silver ended the month with light gains – August 31

Gold and silver prices ended August on a positive note as they have both
moderately inclined; on the other hand, crude oil prices changed direction again
and ended the month with moderate falls; natural gas spot price (Henry Hub) also
changed direction and bounced back yesterday with very sharp rises. Here is a
summary of the price movements of precious metals and energy commodities for
August 31st: Precious Metals prices: Gold price slightly inclined yesterday by
0.1% to $1,831; Silver price also rose by 0.73% to $41.77. During August, gold
prices increased by 12.3%, and silver price by only 4.1%. The EURO to US Dollar
exchange rate decreased by 0.51% i.e. the USD appreciated against the EURO.
During August, the EURO to US Dollar slightly slipped by 0.13%. Oil and Gas
prices: WTI Spot oil price moderately declined by 0.1%; it settled at $88.81 per
barrel; Brent spot price also fell by 0.32% to $115.22 per barrel; during August
the WTI spot oil price declined by 7.2% and Brent oil by only 1.4%. Due to these
changes, the difference between Brent and WTI inclined to $26.41/bbl. Natural
gas Henry Hub future price (September delivery) sharply inclined by 3.58% to