Gold and silver prices continued to dwindle as both precious metals edged down on Tuesday. Crude oil price (WTI) changed direction and rose yesterday while Brent oil edged down. Natural gas Henry Hub (July delivery) plunged while the spot price hiked. The Euro sharply appreciated against the USD. Several other exchange rates such as the Aussie dollar also appreciated.
Here is a summary of the daily changes in precious metals and energy commodities for June 19th, 2012:
Forex and Bullion Markets:
Gold slipped again by 0.23% to $1,623; Silver also decreased by 1.06% and reached $28.37. During the month, gold rose by 3.77% and silver by 2.2%.
The Euro/USD hiked by 0.86% to 1.2685; furthermore, the U.S Dollar also depreciated against several currencies such as Aussie dollar by 0.64%.
WTI oil price bounced back and rose yesterday by 0.91% to $84.03 per barrel;
Brent oil on the other hand edged down by 0.02% to $95.56 per barrel;
Following these changes, the difference between Brent and WTI declined to $11.53/bbl. During the month, WTI decreased by 2.89% and Brent oil by 6.4%.
Finally, the Henry Hub future (July delivery) changed direction and fell by 3.04% to $2.55/mmbtu; the Henry Hub spot rose to $2.60/mmbtu; the difference between the spot and future decreased to -$0.05, Backwardation.
A Summary for June 19th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: