The Euro rose again for the second consecutive day; this time the ECB President’s statement about preserving the Euro may have contributed to the recovery of the Euro during yesterday. Most major commodities also rose during yesterday’s trading: crude oil prices including WTI and Brent oil traded up; gold and silver prices didn’t do much as gold increased while silver edged down; natural gas Henry Hub (August delivery) also rose while spot price changed direction and declined. Many exchange rates including the Aussie dollar also rose against USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 26th, 2012:
Forex and Bullion Markets:
Gold rose by 0.44% to $1,619.8; Silver edged down by 0.07% and reached $27.45. During July, gold increased by 0.44% while silver slipped by 0.6%.
The Euro/USD hiked by 1.03% to 1.2283; further, the U.S Dollar also depreciated against many other currencies such as Canadian dollar by 0.53%.
WTI oil price rose again yesterday by 0.68% to $89.39 per barrel;
Brent oil also increased by 0.46% to $106.33 per barrel;
Following these changes, the difference between Brent and WTI edged down to $16.94/bbl. During the month, WTI increased by 5.21% and Brent oil by 9.6%.
Finally, the Henry Hub future (August delivery) changed direction again and rose by 0.65% to $3.1/mmbtu; the Henry Hub spot fell to $3.13/mmbtu; the difference between the spot and future reached at -$0.03, Backwardation.
A Summary for July 26th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: