Gold and Natural Gas Bounced Back on Friday –Recap June 8th

Gold price bounced back yesterday from its plunge on Thursday; silver on the other hand edged down; Crude oil price (WTI) also declined on Friday, while Brent oil slightly rose. Furthermore, the price of natural gas (future) increased while the spot price further declined. The Euro slightly depreciated again against the USD. Several other exchange rates such as the Aussie dollar appreciated.

Here is a summary of the daily changes in precious metals and energy commodities for June 8th, 2012:

Forex and Bullion Markets:

Gold edged up by 0.21% to $1,591; Silver traded down by 0.2% and reached $28.47. During the month, gold rose by 1.2% and silver by 1.9%.

The Euro/USD edged down by 0.34% to 1.2517; furthermore, the U.S Dollar depreciated against several currencies such as Aussie dollar by 0.23%.

Energy Commodities:

WTI oil price decreased yesterday by 0.85% to $84.1 per barrel;

Brent oil trade up by 0.54% to $99.64 per barrel;

Following these shifts, the gap between Brent and WTI settled at $15.54/bbl. During the month, WTI declined by 2.81% and Brent oil by 2.4%.

Finally, the Henry Hub future (July delivery) rose by 1.32% to $2.3/mmbtu; the Henry Hub spot fell to $2.23/mmbtu; the difference between the spot and future fell to $0.07/mmbtu, Contango.

A Summary for June 8th:

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

 Gold Silver Crude oil Natural gas 2012 June 8

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