Gold and silver prices resumed their downward trend and ended the week falling. Other commodities also declined including crude oil (WTI); natural gas future continued to trade up yesterday. Finally, the Euro also resumed its descent and thus decreased in the past 9 out of ten days; other currencies such as the Australian dollar also declined vs. the USD.
Here is a summary of the daily developments in precious metals and energy commodities for May 11th, 2012:
Gold resumed its downward trend and declined yesterday by 0.72% to $1,584; Silver also fell by 0.99% and reached $28.89. During the month, gold declined by 4.82% and silver by 6.85%.
The Euro/USD also slipped by 0.15% to 1.2917; furthermore, the U.S Dollar also appreciated against other currencies such as the Australian dollar.
WTI oil price also fell by 0.98% to $96.13 per barrel; Brent oil edged down by 0.01% to $112.05 per barrel;
Following these changes, the gap between Brent and WTI oil reached $15.92/bbl. During the month, WTI fell by 8.33% and Brent oil by 6.4%.
The Henry Hub future (June delivery) rose by 0.8% to $2.51/mmbtu; the Henry Hub spot price remained unchanged at $2.36/mmbtu; the gap between the spot and future was $0.15/mmbtu, i.e. Contango.
A Summary of Changes for May 11th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: