Gold and silver prices continued their downward trend and recorded the sharpest fall since the beginning of April 2012. Crude oil price (WTI and Brent) also tumbled down yesterday. Natural gas Henry Hub (July delivery) rose while the spot price also decline. The Euro sharply depreciated against the USD. Several other exchange rates such as the Aussie dollar also sharply depreciated.
Here is a summary of the daily changes in precious metals and energy commodities for June 21st, 2012:
Forex and Bullion Markets:
Gold plummeted by 3.11% to $1,565; Silver also fell by 5.24% and reached $26.9. During the month, gold edged up by 0.08% and silver declined by 3.09%.
The Euro/USD rose by 0.17% to 1.2707; furthermore, the U.S Dollar also depreciated against several currencies such as Australian dollar by 0.05%.
WTI oil price plunged again yesterday by 4.84% to $77.84 per barrel;
Brent oil on also tumbled down by 3.69% to $88.74 per barrel;
Following these changes, the difference between Brent and WTI reached $10.90/bbl. During the month, WTI decreased by 10.4% and Brent oil by 13.1%.
Finally, the Henry Hub future (July delivery) rose by 2.38% to $2.58/mmbtu; the Henry Hub spot decreased to $2.48/mmbtu; the difference between the spot and future rose to $0.10, Contango.
A Summary for June 21st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: