Major commodities prices rallied yesterday. Gold and silver prices bounced back from their slip a day earlier. Crude oil prices continued their upward trend. Natural gas prices also sharply increased yesterday. Finally, the Euro edged up again against the U.S. dollar; other currencies such as the Australian dollar also appreciated against the USD.
Here is a summary of the developments in precious metals and energy commodities for April 26th, 2012:
Gold price increased by 1.11% to $1,660.5; Silver price also rose by 2.8% and reached $31.28. During April, gold declined by 0.68% and silver by 3.72%.
The Euro/USD edged up again yesterday by 0.01% to 1.3218; furthermore, the U.S Dollar also depreciated against other exchange rates such as the Aussie dollar.
WTI oil price increased by 0.82% to $104.55 per barrel; Brent oil also rose by 0.4% to $119.66 per barrel;
Following these changes, the difference between Brent and WTI oil prices reached $15.11/bbl. During the month, WTI edged up by 1.49% and Brent oil declined by 3.4%.
The Henry Hub future (May delivery) sharply increased by 3.4% to $2.13/mmbtu; the Henry Hub spot price also edged up to $2.11/mmbtu; the difference between the spot and future was $0.02/mmbtu, i.e. Contango.
A Summary of Changes for April 26th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: