Gold price ended the month on a positive note, but the same can’t be said for silver; crude oil (WTI) was traded down on Tuesday; the Henry Hub changed direction and sharply fell on the last day of the month. The Euro slightly declined against the U.S dollar, while other exchange rates including the AUD moderately rose. Here is a summary of the developments of precious metals and energy commodities for January 31st, 2012:
Gold price slightly rose on Tuesday by 0.35% to $1,740.4; Silver price on the other hand declined by 0.79% to $33.26. During January, gold rose by 11.1% and silver by 19.15%.
The Euro/USD fell by 0.46% to 1.3083; the U.S Dollar fell against other currencies such as the AUD.
Oil and Gas:
WTI price declined by 0.30% to $98.48 per barrel; Brent oil rose by 0.41% to $110.91 per barrel;
Due to these changes, the difference between Brent and WTI oil prices sharply rose to $12.43/bbl. During January, WTI slipped by 0.4%, and Brent rose by 3.1%.
The Henry Hub future price (February delivery) sharply declined by 7.75% to $2.50/mmbtu; the Henry Hub spot sharply fell to $2.52/mmbtu; the difference between the spot and future remained at -$0.02, i.e. backwardation.
A Summary of Changes for January 31st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: