Gold Silver and Oil Finished the Week Rising–Recap July 27th

Most major commodities rose during Friday: crude oil prices including WTI and Brent oil rose again; gold and silver prices didn’t do much as both precious metals edged up; natural gas Henry Hub (August delivery) and spot price declined again. The Euro rallied for the third consecutive day; the statement of ECB President’s about preserving the Euro continues to have a lingering effect. Many exchange rates including the Aussie dollar also increased against USD.

Here is a summary of the daily changes in precious metals and energy commodities for July 27th, 2012:

Forex and Bullion Markets:

Gold increased by 0.18% to $1,622.7; Silver also edged up by 0.19% and reached $27.5. During July, gold increased by 1.15% while silver slipped by 0.41%.

The Euro/USD rose again by 0.33% to 1.2323; further, the U.S Dollar also depreciated against many other currencies such as Aussie dollar by 0.83%.

Energy Commodities:

WTI oil price increased again yesterday by 0.83% to $90.13 per barrel;

Brent oil also rose by 1.5% to $107.92 per barrel;

Following these changes, the difference between Brent and WTI edged up to $17.79/bbl. During the month, WTI increased by 6.09% and Brent oil by 11.3%.

Finally, the Henry Hub future (August delivery) changed direction again and tumbled down by 2.58% to $3.02/mmbtu; the Henry Hub spot fell to $3.09/mmbtu; the difference between the spot and future reached at -$0.07, Backwardation.

A Summary for July 27th:

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

 Gold Silver Crude oil Natural gas 2012 July 27

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