Gold and Silver Started the Week Falling –Recap April 23rd

Gold and silver prices, much like many other commodities prices, started off the week falling. Crude oil (WTI) also traded down, while Brent oil edged up. Natural gas future prices continued to rally and sharply rose yesterday. Finally, the Euro changed direction again and decreased against the U.S. dollar; other currencies such as the AUD also depreciated vs. the USD.

Here is a summary of the developments in precious metals and energy commodities for April 23rd, 2012:

Precious Metals:

Gold price decreased by 0.62% to $1,632.6; Silver price also tumbled by 3.53% and reached $30.60. During April, gold declined by 2.35% and silver by 5.8%.

The Euro/USD slipped yesterday by 0.48% to 1.3156; furthermore, the U.S Dollar also appreciated against other exchange rates such as the Aussie dollar.

Oil and Gas:

WTI oil price also fell by 0.38% to $102.66 per barrel; Brent oil on the other hand increased by 0.13% to $118.68 per barrel;

Following these shifts, the difference between Brent and WTI oil prices reached $16.02/bbl. During the month, WTI edged down by 0.35% and Brent oil declined by 4.1%.

The Henry Hub future (May delivery) sharply increased by 4.15% to $2.01/mmbtu; the Henry Hub spot price also rose to $1.92/mmbtu; the gap between the spot and future was $0.09/mmbtu, i.e. Contango.

A Summary of Changes for April 23rd:

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

 Gold price Silver Crude oil prices, Natural gas 2012 April 23

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