The week finished with gold and silver prices rising, along with most of the other major commodities including crude oil prices and natural gas spot prices.
Here is a summary of the changes in commodities and precious metals for April 28th:
Precious Metals prices:
Silver prices rose for the third straight day, yesterday by 2.23% to 48.599$ – its highest level this month so far; gold prices also inclined by 1.65% and reached 1,556 – also the highest price level in April.
During April, gold prices increased by 7.2%, and silver prices rose by 26%.
Oil and Gas prices:
Spot oil price (WTI) inclined by 0.95% to reach 113.93$/b; during April the WTI spot oil price rose by 5.9%.
Brent spot price also inclined by 1.19% and reached 126.06$/b.
As a result, the difference between Brent and WTI moderately inclined to 12.13$/b.
Natural gas spot price (Henry Hub) inclined yesterday by 2.51% and reached 4.50$/mmbtu – its highest level since February 3rd.
The Henry Hub future price also increased by 2.84% to 4.70$/mmbtu – its highest level since January 21st, as a result the spread between future and spot price finished the month of April at +0.20$, i.e. contango – the largest gap since March 25th.
EURO/ USD stopped to rise and finished the week with a moderate decrease of 0.11%, as the USD appreciate against the EURO.
For a more detailed report on major currencies, check out Forex crunch.
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):
[ratings]
For further reading (in this site):
- OPEC recent report shows a moderate rise in oil demand for 2011
- Weekly outlook for April 25-29
- Gold & Silver Prices Outlook – 27 April
Monthly Analysis and Outlook:
- Natural gas prices outlook for April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?