The decision of ECB to cut the rate by 25pp to 0.75% caused the Euro to fall against the USD. Major commodities rates also fell. The on the other hand several rates such as the Aussie dollar slightly appreciated against the USD. Crude oil prices including both WTI and Brent declined on Thursday. Gold and silver prices also decreased yesterday. Natural gas Henry Hub (August delivery) on the other hand rose.
Here is a summary of the daily changes in precious metals and energy commodities for July 5th, 2012:
Forex and Bullion Markets:
Gold declined by 0.76% to $1,609.4; Silver also decreased by 2.16% and reached $27.67. During the month, gold increased by 0.32% and silver by 0.21%.
The Euro/USD also declined by 1.09% to 1.2391; alternatively, the U.S Dollar fell against several currencies such as Aussie dollar by 0.1%.
WTI oil price fell yesterday by 0.5% to $87.22 per barrel;
Brent oil also decreased by 0.44% to $99.69 per barrel;
Following these changes, the difference between Brent and WTI reached $12.47/bbl. During the month, WTI rose by 2.66% and Brent oil by 2.8%.
Finally, the Henry Hub future (August delivery) rose by 1.38% to $2.94/mmbtu; the Henry Hub spot also increased to $2.91/mmbtu; the difference between the spot and future reached $0.03, Contango.
A Summary for July 5th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: