Saturday, September 3, 2011

Gold & silver finished the week with sharp gains – September 2

XCSFDHG46767FHJHJF

DG365FD46564GFH654FU898 Gold and silver prices bounced back from Thursday’s 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



No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...