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):
For further reading:
Monthly Analysis and Outlook: