Major commodities continued to change direction with an unclear path at sight. Gold and silver price declined during yesterday’s trading. Crude oil prices also decreased. Natural gas prices changed direction again and tumbled yesterday. Finally, the Euro continued to zigzag; this time it edged down against the U.S. dollar, while other currencies such as the Aussie dollar appreciated against the USD.
Here is a summary of the changes in precious metals and energy commodities for April 18th, 2012:
Gold price declined by 0.7% to $1,639.6; Silver price also fell by 0.59% and reached $31.49. During April, gold declined by 1.93% and silver by 3.07%.
The Euro/USD slipped yesterday by 0.14% to 1.3123; alternatively, the U.S Dollar depreciated against other exchange rates such as the Aussie dollar.
Oil and Gas:
WTI price decreased by 1.47% to $102.67 per barrel; Brent oil also only declined by 0.74% to $117.87 per barrel;
Following these changes, the gap between Brent and WTI oil prices settled at $15.20/bbl. During the month, WTI declined by 0.34% and Brent oil by 4.8%.
The Henry Hub future (May delivery) tumbled by 3.47% to $1.95/mmbtu; the Henry Hub spot price remained flat $1.88/mmbtu; the difference between the spot and future reached $0.07/mmbtu, i.e. Contango.
A Summary of Changes for April 18th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: