Gold and silver prices start off the week with falls, and thus continued the declines from the end of last week. Major energy commodities moderately changed with mixed trend.
Here is a summary of the price movements of precious metals and energy commodities for June 13th:
Precious Metals prices:
Gold price started the week the same way they have ended last week with falls: yesterday gold price declined by 0.89% to $1,515. Silver price also followed and fell by 4.38% and reached $34.74.
During June, gold prices decreased by 1.4% and silver price fell by 9.3%.
The EURO/ USD inclined yesterday by 0.46%, as the USD depreciated against the EURO. During June the EURO/USD gained 0.1% to its value.
Oil and Gas prices:
WTI Spot oil price fell yesterday by 2%% and reached $97.30 per barrel; during June the WTI spot oil price fell by 5.3%.
Brent spot price on the other hand inclined yesterday by 0.08% to $118.30 per barrel.
As a result, the difference between Brent and WTI continue to rise and reached $21 – the highest gap since February 21st 2011.
Natural gas price (Henry Hub spot) increased to $4.74 per mmbtu. The Henry Hub future price (July delivery) declined by 2.31% to $4.65 per mmbtu; as a result the gap between the spot and future price fell to -$0.09, i.e. backwardation. During June, natural gas spot price (Henry Hub) inclined by 2.4%.
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 (in this site):
Monthly Analysis and Outlook:
- Natural gas prices outlook for June 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –June 2011