Gold and Silver Ended the Week Rising–Recap January 20

Gold and silver ended the week rising after they had slipped on Thursday; energy commodities prices including oil prices declined; natural gas prices sharply fell again on Friday; the Euro and other currencies such as Canadian dollar slightly depreciated against the USD on Friday. Here is a summary of the price developments of precious metals and energy commodities for January 20th, 2012:

Precious Metals :

Gold price rose on Friday by 0.57% to $1,664.0; Silver price sharply increased by 3.82% to reach $31.68. During January, gold price increased by 6.2%, and silver price by 13.47%. 

The Euro/USD slipped yesterday by 0.29% to 1.2931; the U.S Dollar appreciated against other currencies such as the Australian dollar.

Oil and Gas :

WTI decreased by 1.92% to $98.46 per barrel; Brent also decreased by 1.13% to $109.63 per barrel;

Due to these changes, the gap between Brent oil price and WTI oil prices increased to $11.17/bbl. During January, WTI crude oil price fell by 0.4%, but Brent oil price rose by 1.9%.

Henry Hub future price (February delivery) slightly rose by 0.86% to $2.34/mmbtu. The Henry Hub spot sharply declined to $2.25/mmbtu; the difference between the spot and future price rose 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 forex and Silver etf price Crude oil prices, Natural gas price 2012  January 20

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