Gold declined for first time in two weeks | oil prices inclined –July 19

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):

 Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 July 19


 For further reading:


Monthly Analysis and Outlook: