Gold Silver and Oil Bounced Back on Tuesday–Recap July 3rd

Major commodities changed direction again and this time bounced back on Tuesday after they had declined on Monday. Crude oil prices including both WTI and Brent hiked on Tuesday. Natural gas Henry Hub (August delivery) also rose. Gold and silver prices also sharply rose yesterday. The Euro slightly appreciated against the USD. Several other exchange rates such as the Canadian dollar also increased again USD.

Here is a summary of the daily changes in precious metals and energy commodities for July 3rd, 2012:

Forex and Bullion Markets:

Gold rose by 1.51% to $1,621.8; Silver also increased by 2.84% and reached $28.28. During the month, gold increased by 1.1% and silver increased by 2.42%.

The Euro/USD also bounced back by 0.25% to 1.2608; further, the U.S Dollar fell against several currencies such as Canadian dollar by 0.49%.

Energy Commodities:

WTI oil price hiked yesterday by 4.67% to $87.66 per barrel;

Brent oil also decreased by 0.42% to $100.13 per barrel;

Following these changes, the difference between Brent and WTI reached $12.47/bbl. During the month, WTI rose by 3.18% and Brent oil by 3.2%.

Finally, the Henry Hub future (August delivery) rose by 2.84% to $2.9/mmbtu; the Henry Hub spot also increased to $2.77/mmbtu; the difference between the spot and future reached $0.13, Contango.

A Summary for July 3rd:

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

 Gold Silver Crude oil Natural gas 2012 July 3

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