Gold and silver kept on falling – Daily Recap May 17

Gold and silver prices kept on falling yesterday for the second straight day. Crude oil price (WTI spot) also declined, while Brent oil didn’t move much yesterday.

Here is a summary of the main price changes in commodities and precious metals for May 17th:

Precious Metals prices:

Gold price moderately decreased yesterday for the third straight business day and reached 1,480$, a 0.71% decline.

Silver price also fell for the second straight business day by 1.88% to end at 33.491$.

During May, gold prices decreased by 4.9% and silver price fell by 31.1%.

The EURO/ USD kept on rising yesterday by 0.57%, as the USD depreciates against the EURO. During May the EURO/USD lost 3.8% of its value.

For a more detailed report on major currencies, check out Forex crunch.

Oil and Gas prices:

Spot oil price (WTI) declined yesterday by 0.47% and reached 96.91$/b; during May the WTI spot oil price fell by 14.5%.

Brent spot price on the other hand moderately inclined by 0.05% and reached 110.85$/b.

As a result, the difference between Brent and WTI declined to 13.94$/b.

Natural gas prices (Henry Hub spot) on the other hand increased by 0.95% and reached 4.25$/mmbtu.

The Henry Hub future price decreased by 3.24% to 4.18$/mmbtu; as a result the spread between future and spot price declined to -0.07$/mmbtu, i.e. backwardation.

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 price, Natural gas spot price, Current Gold price Silver prices 2011 May 17


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