Gold and Euro Continue to Rally on Wednesday –Recap June 13th

Gold continued to rally and completed by yesterday a four day rally; silver on the other hand, edged down on Wednesday; crude oil resumed their descent and declined during yesterday’s trading; natural gas future price also decreased, while the spot price remained unchanged. The Euro slightly appreciated again against the USD. Several other exchange rates such as the Aussie dollar fell.

Here is a summary of the daily changes in precious metals and energy commodities for June 13th, 2012:

Forex and Bullion Markets:

Gold rose by 0.35% to $1,619; Silver edged down by 0.03% and reached $28.94. During the month, gold increased by 3.53% and silver by 4.27%.

The Euro/USD rose by 0.42% to 1.2557; furthermore, the U.S Dollar appreciated against several currencies such as Aussie dollar by 0.25%.

Energy Commodities:

WTI oil price declined yesterday by 0.84% to $82.62 per barrel;

Brent oil also decreased by 1.13% to $96.16 per barrel;

Following these changes, the difference between Brent and WTI settled at $13.54/bbl. During the month, WTI declined by 4.52% and Brent oil by 5.8%.

Finally, the Henry Hub future (July delivery) fell by 2.24% to $2.18/mmbtu; the Henry Hub spot remained unchanged at $2.18/mmbtu; the difference between the spot and future was nullified.

A Summary for June 13th:

The table below includes: closing prices, daily percent changes, and daily changes:

 Gold Silver Crude oil Natural gas 2012 June 13

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