Gold and Silver Prices Finished the Week Falling –Recap April 13th

Precious metals prices changed direction and after they had sharply rose on Thursday, they have finished the week falling. Crude oil prices also changed direction and slipped. Natural gas prices (spot price) also declined while the future price remained flat. The Euro traded sharply down against the U.S. dollar, along with many other currencies including the Australian and Canadian dollar.

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

Precious Metals:

Gold price sharply declined by 1.21% to $1,660.2; Silver price also decreased by 3.49% and reached $31.39. During April, gold edged down by 0.7% and silver by 3.37%.

The Euro/USD fell yesterday by 0.83% to 1.3078; furthermore, the U.S Dollar sharply depreciated against other exchange rates such as the Aussie dollar.

Oil and Gas:

WTI price slipped by 0.78% to $102.83 per barrel; Brent oil also decreased by 0.15% to $121.58 per barrel;

Following these changes, the difference between Brent and WTI oil prices settled at $18.75/bbl. During the month, WTI declined by 0.18% and Brent oil declined by 1.8%.

The Henry Hub future (May delivery) remained unchanged again at $1.98/mmbtu; the Henry Hub spot price declined to $1.86/mmbtu; the difference between the spot and future reached $0.12/mmbtu, i.e. Contango. A Summary of Changes for April 13th:

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

 Gold price Silver Crude oil prices, Natural gas 2012 April 13

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