The precious metals market keeps on heating up… yesterday silver prices rose by 3.55% and passed the 41$. Gold prices also increased and passed 1,470. Crude oil prices (WTI spot oil) inclined for the second straight day; and natural gas spot prices (Henry Hub) moderately decreased.
Here is a short summary of the price changes in major energy commodities and precious metals for April 14th:
Precious Metals prices:
Gold prices moderately inclined by 1.15% and reached 1,472$; silver prices also inclined by 3.55% and reached 41.664$; thus, silver price reached its highest level in over thirty years.
During April, gold prices completed a 3.0% increase, and silver prices rose by 10.4%.
Oil and Gas prices:
Crude oil price (WTI spot) increased yesterday for the second straight day by 0.93% and reached 108.11$/b; up to date, the WTI oil price rose by 0.5% during April.
Brent spot price didn’t change much yesterday and fell by 0.08% to reach 122.67$/b.
As a result, the difference between Brent and WTI declined to 14.56$/b.
Natural gas spot price (Henry Hub) moderately declined yesterday by a 0.48% to reach 4.12$/mmbtu.
The Henry Hub future price on the other hand increased by 1.69% to reach 4.21$/mmbtu, resulting in the spread between future and spot price reaching 0.09 $/mmbtu, i.e. contango.
EURO/ USD continue to zigzag and it moderately changed yesterday as the USD depreciated by 0.3%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading (in this site):
Monthly Analysis and Outlook:
- Natural gas prices outlook for April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?