Gold and silver prices continue to increase as they have closed the business day with moderate rises; natural gas price (Henry Hub) bounced back following its falls during recent days; crude oil price (WTI spot oil) also finished the day with little price increase.
Here is a summary of the price movements of precious metals and energy commodities for June 21st:
Precious Metals prices:
Gold price moderately increased by 0.32% to $1,546 – this is the sixth straight day gold price increase. Silver price also rose by 0.85% to $36.38.
During June, gold prices increased by 0.6% and silver price fell by 5.0%.
The EURO/ USD inclined by 0.76%, as the USD depreciated against the EURO. During June the EURO/USD gained 0.1% of its value.
Oil and Gas prices:
WTI Spot oil price inclined yesterday by 0.15% to $93.40 per barrel; during June the WTI spot oil price fell by 9.1%.
Brent spot price on the other hand declined yesterday by 0.56% to $111.15 per barrel.
As a result, the difference between Brent and WTI declined to $17.75.
Natural gas Henry Hub future price (July delivery) bounced back from its falls in recent days and inclined 1.62% to $4.39/mmbtu. The Henry Hub spot price also rose by 1.15% to $4.38/mmbtu; as a result the gap between the spot and future price rose to $0.01, i.e. contango. During June, natural gas spot price (Henry Hub) declined by 5.4%.
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):
[ratings]
For further reading:
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