Gold and silver prices bounced back from Thursdays light falls and ended the
week with sharp gains, in part due to the recent disappointing US labor report;
on the other hand, crude oil prices declined yesterday, probably, in part due to
falls in the stock markets; natural gas spot price (Henry Hub) changed direction
and sharply dropped yesterday. Here is a summary of the price movements of
precious metals and energy commodities for September 2nd: Precious Metals
prices: Gold price sharply inclined yesterday by 2.61% to $1,876; Silver price
also rose by 3.70% to $43.07. During August-September, gold prices increased by
15.1%, and silver price by 7.4%. The EURO to US Dollar exchange rate decreased
for the fourth straight business day, yesterday by 0.38% i.e. the USD
appreciated against the EURO. During August-September, the EURO to US Dollar
slightly fell by 1.27%. Oil and Gas prices: WTI Spot oil price changed direction
and declined by 2.79%; it settled at $86.45 per barrel; Brent spot price also
fell by 1.49% to $112.96 per barrel; during August-September the WTI spot oil
price declined by 9.7% and Brent oil by 3.3%. Due to these changes, the
difference between Brent and WTI rose
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