After a couple of days in which oil prices plummeted along with the U.S and Europe stock markets all awhile gold prices rallied; the tables have turned coming Wednesday as gold and silver prices edged down while crude oil prices sharply rose. On the other hand natural gas prices continued to tumble down with end in sight. The Euro edged up again against the U.S. dollar, along with many other currencies.
Here is a summary of the changes in precious metals and energy commodities for April 11th, 2012:
Precious Metals:
Gold price slightly declined yesterday by 0.02% to $1,660.3; Silver price also declined by 0.5% and reached $31.52. During April, gold fell by 0.69% and silver declined by 2.96%.
The Euro/USD rose yesterday by 0.21% to 1.3109; furthermore, the U.S Dollar depreciated against other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price rallied by 1.66% to $102.7 per barrel; Brent oil also increased by 0.28% to $120.32 per barrel;
Following these changes, the difference between Brent and WTI oil prices settled at $17.62/bbl. During the month, WTI slipped by 0.31% and Brent oil declined by 2.8%.
The Henry Hub future (May delivery) decreased by 2.46% to $1.98/mmbtu; the Henry Hub spot price sharply fell to $1.91/mmbtu; the difference between the spot and future reached $0.07/mmbtu, i.e. Contango.
A Summary of Changes for April 11th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: