Gold and silver prices ended the week with slight gains; WTI oil price slipped while Brent oil moderately rose; natural gas future price bounced back from Thursday’s falls and sharply rose on Friday, while the spot price sharply decreased yesterday. The Euro and other currencies such as Australian dollar traded sharply up against the U.S. dollar during Friday’s trading. Here is a summary of the price developments of precious metals and energy commodities for January 27th, 2012:
Precious Metals Prices:
Gold price slightly increased on Friday by 0.32% to $1,735.4; Silver price also added 0.14% to $33.79. During January, gold increased by 10.8%, and silver by 21.05%.
The Euro/USD sharply increased by 0.85% to 1.3220; the U.S Dollar also declined against other currencies such as the Australian dollar.
Oil and Gas Prices:
WTI declined by 0.14% to $99.56 per barrel; on the other hand, Brent oil rose 0.40% to $110.72 per barrel;
Due to these changes, the difference between Brent and WTI oil prices rose to $11.16/bbl. During January, WTI oil price rose by 0.7%, and Brent by 2.9%.
The Henry Hub future price (February delivery) sharply rose by 6.15% to $2.76/mmbtu. The Henry Hub spot sharply fell to $2.60/mmbtu; the difference between the spot and future price rose to $0.16, i.e. Contango.
A Summary of Prices Changes for January 27th:
The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):
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