Gold and silver fell for the second straight day–July 20

Gold and silver prices fell again for the second straight day by a very moderate rate; crude oil prices had a mixed trend with WTI slightly rising and Brent oil slightly falling; natural gas spot price (Henry Hub) moderately inclined.

Here is a summary of the price movements of precious metals and energy commodities for July 20th:

 Precious Metals prices:

Gold price declined again yesterday by 0.26% to $1,596. Silver price also declined yesterday by 1.65% to reach $39.56.

During July, gold prices increased by 6.3% and silver price by 13.6%.

The EURO/ USD also rose by 0.42%, as the USD depreciated against the EURO. During July the EURO/USD fell by 2.0% compared with the rate at the beginning of the month.

Oil and Gas prices:

WTI Spot oil price added 0.67% to its value yesterday and settled at $98.14 per barrel; during July the WTI spot oil price inclined by 2.9%.

Brent spot price on the other hand declined by 0.19% to $117.95 per barrel.

Due to these shifts the difference between Brent and WTI slightly fell to $19.81/bbl.

Natural gas Henry Hub future price (August delivery) declined by 0.95% to $4.50/mmbtu. The Henry Hub spot price inclined by 1.09% to $4.65/mmbtu; the gap between the spot and future price fell to -$0.15, i.e. backwardation. During July, natural gas spot price (Henry Hub) inclined by 8.6%.

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):

 Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 July 20


 For further reading:


Monthly Analysis and Outlook: