Gold and Crude oil Bounced Back on Thursday–Recap May 10th

Gold price changed direction for the first time this week and edged up on Thursday. Silver price continued its downward trend; crude oil price (WTI) also shifted gears and moderately increased; natural gas future price continued it rally and slightly rose yesterday. Finally, the Euro bounced back for the first time in eight days and appreciated again against the U.S. dollar; other currencies such as the Aussie dollar also rallied vs. the USD.

Here is a summary of the daily shifts in precious metals and energy commodities for May 10th, 2012:

Precious Metals:

Gold price changed direction and rose yesterday by 0.08% to $1,595.5; Silver price decreased by 0.22% and reached $29.18. During the month, gold declined by 4.13% and silver by 5.93%.

The Euro/USD also bounced back by 0.05% to 1.2937; furthermore, the U.S Dollar also depreciated against other exchange rates such as the Aussie dollar.

Energy Commodities:

WTI oil price edged up by 0.28% to $97.08 per barrel; Brent oil declined by 0.28% to $112.06 per barrel;

Following these shifts, the difference between Brent and WTI oil prices reached $14.98/bbl. During the month, WTI fell by 7.43% and Brent oil by 6.4%.

The Henry Hub future (June delivery) hiked by 3.35% to $2.47/mmbtu; the Henry Hub spot price increased to $2.36/mmbtu; the difference between the spot and future was $0.11/mmbtu, i.e. Contango.

A Summary of Changes for May 10th:

The table below includes: closing prices, daily percent changes, and daily changes:

 Gold price Silver Crude oil prices, Natural gas 2012 may 10

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