Gold and Silver Ended Black Friday Falling –Recap November 25

Following thanksgiving the trading in the U.S. was renewed for black Friday in which gold and silver were traded down. Crude oil were traded with a mixed trend as Brent oil  slightly declined and WTI oil price rose; natural gas future price (Henry Hub) sharply increased. Major currencies such as Euro and Australian dollar depreciated against the US dollar. Here is a summary of the price movements of precious metals and energy commodities for November 25th:

Precious Metals Prices:

Gold price declined on Friday by 0.61% and reached $1,688.50; Silver price also fell by 2.73% to reach $31.09. During November, gold price fell by 2.1%, and silver price decreased by 9.5%. 

The Euro sharply depreciated against the US dollar by 0.81% to 1.3239. The US Dollar also appreciated against other currencies such as the Australian dollar.

Oil and Gas Prices:

WTI oil price slightly rose by 0.94% to $96.77 per barrel; Brent oil price on the other hand declined by 0.43% to $106.77 per barrel;

Due these changes, the difference between Brent oil price and WTI oil prices slipped to $10.00/bbl. During November, WTI oil price inclined by 3.8%, while Brent oil price decreased by 2.5%.

Natural gas Henry Hub future price (December delivery) rose again by 2.31% to $3.54/mmbtu. The Henry Hub spot price didn’t change and remained at $2.83/mmbtu as it the spot wasn’t traded; the difference between the spot and future price sharply inclined again to $0.71, i.e. it is still in 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 November 25

For further reading:

Weekly Analysis and Outlook: