Gold and silver prices continued the upward trend and rose yesterday for the third straight business day; crude oil prices continued to shift directions and finished yesterday with moderate rises; natural gas spot price (Henry Hub) continues to lose value.
Here is a summary of the price movements of precious metals and energy commodities for July 26th:
Precious Metals prices:
Gold price rose again for the third straight business day by 0.30% to $1,619. Silver price also inclined on Tuesday by 0.83% to reach $40.70.
During July, gold prices increased by 7.8% and silver price by 16.8%.
The EURO/ USD inclined again, yesterday by 0.93%, as the USD depreciated against the EURO. During July the EURO/USD rose by 0.1% compared with the rate at the beginning of the month.
Oil and Gas prices:
WTI Spot oil price gained 0.63% to its value yesterday and settled at $99.59 per barrel; during July the WTI spot oil price inclined by 4.4%.
Brent spot price also rose by 0.26% to $117.75 per barrel.
Due to these shifts the difference between Brent and WTI slightly fell to $18.16/bbl.
Natural gas Henry Hub future price (August delivery) declined by 0.23% to $4.37/mmbtu. The Henry Hub spot price also fell by 0.45% to $4.43/mmbtu; the gap between the spot and future price reached -$0.06, i.e. backwardation. During July, natural gas spot price (Henry Hub) inclined by 3.5%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
Monthly Analysis and Outlook: