Gold and Crude Oil Traded Up on Thursday –Recap April 12th

Precious metals prices bounced back yesterday after they had slipped on Wednesday. Crude oil prices continued their rally and increased as well. Natural gas prices (future price for May) remained flat. The Euro traded up again against the U.S. dollar, along with many other currencies including the Aussie and Canadian dollar.

Here is a summary of the changes in precious metals and energy commodities for April 12th, 2012:

Precious Metals:

Gold price bounced back yesterday and rose by 1.22% to $1,680.6; Silver price also rose by 3.19% and reached $32.53. During April, gold edged up by 0.52% and silver by 0.13%.

The Euro/USD rose yesterday by 0.6% to 1.3188; furthermore, the U.S Dollar sharply depreciated against other exchange rates such as the Canadian dollar.

Oil and Gas:

WTI price rose by 0.92% to $103.64 per barrel; Brent oil also increased by 1.2% to $121.76 per barrel;

Following these changes, the difference between Brent and WTI oil prices settled at $18.12/bbl. During the month, WTI rose by 0.6% while Brent oil declined by 1.7%.

The Henry Hub future (May delivery) remained flat at $1.98/mmbtu; the Henry Hub spot price fell to $1.88/mmbtu; the difference between the spot and future reached $0.1/mmbtu, i.e. Contango.

A Summary of Changes for April 12th:

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

 Gold price Silver Crude oil prices, Natural gas 2012 April 12

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