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:
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.
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:
For further reading: