Gold and Silver Prices Started the Week Falling –Recap December 5

Major commodities prices didn’t do much yesterday and started off the second week of December with mixed trend: Gold price and silver price slipped. WTI oil price nearly didn’t change, while Brent oil price declined. Natural gas spot price (Henry Hub) moderately inclined. Major currencies such as Euro slightly appreciated against the US dollar. Here is a summary of the price developments of precious metals and energy commodities for December 5th:

Precious Metals Prices:

Gold price declined on Monday by 0.96% and reached $1,734.50; Silver price also slipped by 0.96% to reach $32.37. During December, gold price declined by 0.9%, and silver price decreased by 1.32%. 

The Euro appreciated against the US dollar by 0.07% to 1.3401. The US Dollar also depreciated against currencies such as the Australian dollar.

Oil and Gas Prices:

WTI oil price slightly inclined yesterday by 0.03% to $100.99 per barrel; Brent oil price on the other hand fell by 0.6% to $109.50 per barrel;

Due these changes, the difference between Brent oil price and WTI oil prices fell to $8.51/bbl. During the week, WTI oil price inclined by 0.6%, while Brent oil price declined by 1.6%.

Natural gas Henry Hub future price (January delivery) sharply declined by 3.35% to $3.46/mmbtu. The Henry Hub spot price on the other hand slightly rose by 0.30% to $3.37/mmbtu; the difference between the spot and future price sharply fell to $0.09, i.e. Contango.

A Summary of Yesterday’s Prices Changes:

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):

 Gold price and Silver prices Crude oil prices, Natural gas spot price 2011 December 5

For further reading:

Weekly Analysis and Outlook:

 Monthly Analysis and Outlook: