Gold Silver and Oil Tumbled Down on Thursday–Recap June 28th

Major commodities and U.S stock markets tumbled down yesterday: Crude oil prices including both WTI and Brent fell on Thursday. Natural gas Henry Hub (July delivery) and spot price also changed direction and tumbled down. Gold and silver prices sharply decreased yesterday. The Euro slightly depreciated again against the USD. Several other exchange rates such as the Aussie dollar also fell again USD.

Here is a summary of the daily changes in precious metals and energy commodities for June 28th, 2012:

Forex and Bullion Markets:

Gold fell by 1.77% to $1,550.4; Silver decreased by 2.63% and reached $26.29. During the month, gold decreased by 0.88% and silver by 5.28%.

The Euro/USD declined by 0.21% to 1.2443; further, the U.S Dollar rose against several currencies such as Australian dollar by 0.36%.

Energy Commodities:

WTI oil price also plummeted yesterday by 3.14% to $77.69 per barrel;

Brent oil fell by 1.69% to $91.41 per barrel;

Following these shifts, the difference between Brent and WTI reached $13.72/bbl. During the month, WTI decreased by 10.22% and Brent oil by 10.5%.

Finally, the Henry Hub future (July delivery) declined by 2.5% to $2.73/mmbtu; the Henry Hub spot decreased to $2.82/mmbtu; the difference between the spot and future fell to $0.09, Backwardation.

A Summary for June 28th:

The table below includes: closing prices, daily percent changes, and daily changes:

 Gold Silver Crude oil Natural gas 2012 June 28

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