The longest rising streak in 2011 for Gold price ended yesterday as it moderately declined. Crude oil prices continue to shift between directions as they finished yesterday rising; natural gas prices moderately inclined.
Here is a summary of the price movements of precious metals and energy commodities for July 19th:
Precious Metals prices:
Gold price ended its 10 business days rally and declined yesterday it inclined by 0.08% to $1,601. Silver price also declined yesterday by 0.3% to reach $40.22.
During July, gold prices increased by 6.5% and silver price by 15.5%.
The EURO/ USD changed direction and rose by 0.30%, as the USD depreciated against the EURO. During July the EURO/USD fell by 2.4% compared with the rate at the beginning of the month.
Oil and Gas prices:
WTI Spot oil price continued to seek direction and inclined yesterday by 1.64% to $97.50 per barrel; during July the WTI spot oil price inclined by 2.2%.
Brent spot price also inclined by 0.80% to $117.37 per barrel.
Due to these shifts the difference between Brent and WTI fell to $19.87/bbl.
Natural gas Henry Hub future price (August delivery) remained unchanged yesterday at $4.54/mmbtu. The Henry Hub spot price moderately inclined by 0.22% to $4.60/mmbtu; the gap between the spot and future price rose to $0.06, i.e. backwardation. During July, natural gas spot price (Henry Hub) inclined by 7.5%.
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:
Monthly Analysis and Outlook: