Gold and silver fell for the third straight day–July 21

Gold and silver prices fell again for the third straight day and in these three days they fell by 0.96% and 3.46%, respectively; crude oil prices had a mixed trend again with WTI slightly rising and Brent oil slightly falling; natural gas spot price (Henry Hub) changed direction and declined.

Here is a summary of the price movements of precious metals and energy commodities for July 21st:

 Precious Metals prices:

Gold price declined again yesterday by 0.62% to $1,587. Silver price also declined yesterday by 1.54% to reach $38.95.

During July, gold prices increased by 5.6% and silver price by 11.8%.

The EURO/ USD very sharply inclined by 1.48%, as the USD depreciated against the EURO. During July the EURO/USD fell by only 0.5% compared with the rate at the beginning of the month.

Oil and Gas prices:

WTI Spot oil price added 0.78% to its value yesterday and settled at $98.91 per barrel; during July the WTI spot oil price inclined by 3.7%.

Brent spot price on the other hand declined by 0.25% to $117.65 per barrel.

Due to these shifts the difference between Brent and WTI slightly fell to $18.74/bbl.

Natural gas Henry Hub future price (August delivery) sharply declined by 2.38% to $4.39/mmbtu. The Henry Hub spot price also fell by 1.51% to $4.58/mmbtu; the gap between the spot and future price sharply fell to -$0.19, i.e. backwardation. During July, natural gas spot price (Henry Hub) inclined by 7%.

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 21


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Monthly Analysis and Outlook: