Gold and silver continue to shift from gains to losses as both precious metals were trade slightly up on Tuesday; crude oil WTI also edged up while Brent slightly declined. Furthermore, the price of natural gas (spot and future) continued to rally. The Euro change direction and slipped against the USD. Several other exchange rates such as the Aussie dollar moderately appreciated against the USD.
Here is a summary of the daily changes in precious metals and energy commodities for June 5th, 2012:
Forex and Bullion Markets:
Gold edged up by 0.19% to $1,616.9; Silver also traded up by 1.42% and reached $28.41. During the month, gold rose by 3.37% and silver by 2.33%.
The Euro/USD decreased by 0.38% to 1.2453; alternatively, the U.S Dollar depreciated against several currencies such as Aussie dollar by 0.14%.
WTI oil price increased again yesterday by 0.37% to $84.29 per barrel;
Brent oil trade down by 0.47% to $98.55 per barrel;
Following these changes, the gap between Brent and WTI settled at $14.26/bbl. During the month, WTI declined by 2.59% and Brent oil by 3.5%.
Finally, the Henry Hub future (July delivery) rallied by 1.66% to $2.45/mmbtu; the Henry Hub spot rose to $2.39/mmbtu; the difference between the spot and future edged down to $0.06/mmbtu, Contango.
A Summary for June 5th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: