Due to the U.S Independence Day holiday the U.S markets were closed so that major commodities only slightly movement in the Asian and European Markets. These changes weren’t recorded in the U.S markets. The Euro slightly depreciated against the USD. Many other exchange rates such as the Canadian dollar also edged down again USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 4th, 2012:
Forex and Bullion Markets:
Gold remained at $1,621.8; Silver was at $28.28. During the month, gold rose by 1.1% and silver by 2.42%.
The Euro/USD also declined by 0.63% to 1.2528; further, the U.S Dollar rose against several currencies such as Canadian dollar by 0.1% and Aussie dollar by 0.06%.
WTI oil price remained $87.66 per barrel;
Brent oil was at $100.13 per barrel;
The difference between Brent and WTI was $12.47/bbl. During the month, WTI increased by 3.18% and Brent oil by 3.2%.
Finally, the Henry Hub future (August delivery) was at $2.9/mmbtu; the Henry Hub spot remained at $2.77/mmbtu; the difference between the spot and future was $0.13, Contango.
A Summary for July 4th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: