Gold and silver declined for second day –July 28

Gold and silver prices very moderately declined again for the second straight day; crude oil prices also didn’t change much but they did finish with a small increase; finally, natural gas spot price (Henry Hub) declined.

Here is a summary of the price movements of precious metals and energy commodities for July 28th:

 Oil and Gas prices:

WTI Spot oil price moderately inclined by 0.04% to $97.44 per barrel; during July the WTI spot oil price inclined by 2.2%.

Brent spot price also rose by 0.03% to $117.14 per barrel.

Due to these small changes, the difference between Brent and WTI nearly didn’t change and remained at $19.70/bbl.

Natural gas Henry Hub future price (August delivery) declined by 1.85% to $4.24/mmbtu. The Henry Hub spot price also fell by 1.12% to $4.41/mmbtu; the gap between the spot and future price reached -$0.17, i.e. backwardation. During July, natural gas spot price (Henry Hub) inclined by 3%.

Precious Metals prices:

Gold price fell yesterday by 0.07% to $1,616. Silver price also declined on Thursday by 1.91% to reach $39.79.

During July, gold prices increased by 7.5% and silver price by 14.2%.

The EURO/ USD declined yesterday by 0.24%, as the USD appreciated against the EURO. During July the EURO/USD fell by 1.2% compared with the rate at the beginning of the month.

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):

Current Gold price and Silver prices Crude spot oil prices, Natural gas spot price 2011 July 28


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