Major commodities prices rallied yesterday after they had declined on Monday: gold and silver prices moderately inclined; crude oil prices also changed direction and rose; natural gas prices on the other hand continue to decline. Many currencies including Euro, CAD and AUD continued to depreciate against the US dollar. Here is a summary of the price movements of precious metals and energy commodities for November 15th:
Precious Metals Prices:
Gold price moderately rose yesterday by 0.21% and reached $1,782.20; Silver price also slightly inclined by 1.27% to reach $34.46. During November, gold price rose by 3.3%, while silver price moderately increased by 0.30%.
The Euro to US Dollar exchange rate declined again by 0.69% to 1.354 – i.e. the USD appreciated against the Euro. Furthermore, the US Dollar appreciated against the Australian dollar and Canadian dollar.
Oil and Gas Prices:
WTI oil price also rallied and added 1.25% to its value and reached $99.37 per barrel; Brent oil price also inclined by 0.37% to $112.57 per barrel;
Due these changes, the difference between Brent oil and WTI oil prices fell again to $13.20/bbl. During November, WTI oil price rose by 6.6%, and Brent oil price increased by 2.8%.
Natural gas Henry Hub future price (December delivery) decreased by 1.73% to $3.40/mmbtu. The Henry Hub spot price also moderately declined by 0.32% to $3.13/mmbtu; the gap between the spot and future price fell to $0.27, 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):
For further reading:
Weekly Analysis and Outlook:
- Weekly Outlook for 14-18 November
- Gold and Silver Prices Weekly Outlook for November 14-18
- Crude Oil Prices – Weekly Outlook November 14-18
- Natural Gas Prices Outlook – November 14-18