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):
For further reading: