Gold Silver and Crude Oil Prices Rose –Recap June 6th

Gold and silver sharply increased yesterday much like many other commodities and forex indexes.    Crude oil prices also rose on Wednesday. Furthermore, the price of natural gas (future) changed direction and slipped. The Euro sharply appreciated against the USD. Several other exchange rates such as the Aussie dollar also sharply appreciated.

Here is a summary of the daily changes in precious metals and energy commodities for June 6th, 2012:

Forex and Bullion Markets:

Gold rose again by 1.07% to $1,634.2; Silver also traded sharply up by 3.81% and reached $29.49. During the month, gold rose by 4.48% and silver by 6.24%.

The Euro/USD spiked by 1.03% to 1.2581; furthermore, the U.S Dollar sharply appreciated against several currencies such as Aussie dollar by 1.9%.

Energy Commodities:

WTI oil price rose again yesterday by 0.87% to $85.02 per barrel;

Brent oil trade up by 2.21% to $100.73 per barrel;

Following these developments, the difference between Brent and WTI settled at $15.71/bbl. During the month, WTI declined by 1.75% and Brent oil by 1.3%.

Finally, the Henry Hub future (July delivery) slipped by 1.22% to $2.42/mmbtu; the Henry Hub spot rose to $2.41/mmbtu; the difference between the spot and future fell to $0.01/mmbtu, Contango.

A Summary for June 6th:

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

 Gold Silver Crude oil Natural gas 2012 June 6

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