Major commodities prices continued their recovery yesterday. Gold and silver prices increased for the second consecutive day. Crude oil prices continued their upward trend for the fourth consecutive day. Natural gas future prices also finished yesterday rising. Finally, the Euro edged up for the fourth straight day against the U.S. dollar; other currencies such as the Australian dollar also rose vs. the USD.
Here is a summary of the developments in precious metals and energy commodities for April 27th, 2012:
Gold price rose by 0.26% to $1,664.8; Silver price also increased by 0.43% and reached $31.41. During April, gold declined by 0.42% and silver by 3.3%.
The Euro/USD edged up again by 0.27% to 1.3254; furthermore, the U.S Dollar also declined against other exchange rates such as the Aussie dollar.
WTI oil price slightly rose by 0.36% to $104.93 per barrel; Brent oil also traded up by 0.3% to $120.02 per barrel;
Following these shifts, the gap between Brent and WTI oil prices reached $15.09/bbl. During the month, WTI edged up by 1.85% while Brent oil declined by 3.1%.
The Henry Hub future (May delivery) sharply increased by 2.82% to $2.13/mmbtu; the Henry Hub spot price slipped to $2.06/mmbtu; the difference between the spot and future was $0.13/mmbtu, i.e. Contango.
A Summary of Changes for April 27th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: