Gold, Silver and oil moderately inclined yesterday –May 24

Yesterday, most of the major commodities finished the day with rises, including the precious metals and energy commodities.

Here is a summary of the main price changes in energy commodities and precious metals for May 24th:

Precious Metals prices:

Gold price continued to rise as it inclined yesterday by 0.52% and reached 1,523$.

Silver price also inclined by 3.51% and reached 36.13$.

During May, gold prices decreased by 2.1% and silver price fell by 25.7%.

The EURO/ USD bounced back and rose yesterday by 0.37%, as the USD depreciated against the EURO. During May the EURO/USD lost 4.8% of its value.

Oil and Gas prices:

Spot oil price (WTI) continue to zigzag as it rose yesterday by 1.89% and reached 99.09$/b; during May the WTI spot oil price fell by 12.6%.

Brent spot price also inclined by 2.14% and reached 112.42$/b.

As a result, the difference between Brent and WTI inclined to 13.33$/b.

Natural gas price (Henry Hub spot) also increased sharply by 3.51% and reached 4.39$/mmbtu – the highest price level since May 5th.

The Henry Hub future price on the other hand moderately declined by 0.23% to 4.34$/mmbtu; as a result the spread between future and spot price declined to -0.05$/mmbtu, i.e. backwardation.

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):

Crude spot oil price, Natural gas spot price, Current Gold price Silver prices 2011 May 24


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