Gold and silver prices started off September with light falls; crude oil prices
ended trading yesterday with mixed trend as Brent oil slightly declined, and WTI
spot oil increased; natural gas spot price (Henry Hub) continued its rally and
sharply inclined yesterday. Here is a summary of the price movements of precious
metals and energy commodities for September 1st: Precious Metals prices: Gold
price slightly fell yesterday by 0.14% to $1,829; Silver price also dropped by
0.57% to $41.53. During August-September, gold prices increased by 12.1%, and
silver price by 3.6%. The EURO to US Dollar exchange rate decreased for the
fourth straight business day, yesterday by 0.77% i.e. the USD appreciated
against the EURO. During August-September, the EURO to US Dollar slightly
slipped by 0.90%. Oil and Gas prices: WTI Spot oil price moderately inclined by
0.14%; it settled at $88.93 per barrel; Brent spot price on the other hand fell
again by 0.48% to $114.67 per barrel; during August-September the WTI spot oil
price declined by 7.1% and Brent oil by 1.8%. Due to these changes, the
difference between Brent and WTI dropped to $25.74/bbl. Natural gas Henry Hub
future price (October delivery) remained unchanged at $4.05/mmbtu.
No comments:
Post a Comment