Gold and silver prices started off the week moderately falling; crude oil prices also slightly declined; natural gas spot price rallied and sharply rose on Monday while the future price slipped. The Euro and other exchange rates including the Australian dollar traded down against the U.S. dollar during Monday’s trading. Here is a summary of the price developments of precious metals and energy commodities for January 30th, 2012:
Precious Metals Prices:
Gold price slightly decreased on Monday by 0.06% to $1,734.4; Silver price also fell by 0.78% to $33.53. During January, gold price rose by 10.7% and silver by 20.10%.
The Euro/USD decreased by 0.57% to 1.3144; the U.S Dollar also rose against other currencies such as the Australian dollar.
Oil and Gas Prices:
WTI price fell by 0.78% to $98.78 per barrel; Brent oil declined 0.23% to $110.46 per barrel;
Due to these changes, the difference between Brent and WTI oil prices increased to $11.68/bbl. During January, WTI oil price slipped by 0.1%, and Brent rose by 2.7%.
The Henry Hub future price (February delivery) sharply fell by 1.81% to $2.71/mmbtu. But the Henry Hub spot sharply rose to $2.73/mmbtu; the difference between the spot and future price fell to -$0.02, i.e. backwardation.
A Summary of Prices Changes for January 30th:
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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