Most major commodities changed direction and rallied during yesterday’s trading: crude oil prices including WTI and Brent oil increased; gold and silver prices also rallied as both precious metals hiked. Natural gas Henry Hub (August delivery) tumbled down while spot price continued to rise. The Euro also bounced back against the USD. Many other currencies 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 25th, 2012:
Forex and Bullion Markets:
Gold hiked by 2.02% to $1,612.7; Silver also rose by 2.44% and reached $27.47. During July, gold increased by 0.53% while silver slipped by 0.53%.
The Euro/USD rose by 0.8% to 1.2158; further, the U.S Dollar also depreciated against many other currencies such as Aussie dollar by 0.85%.
WTI oil price increased again yesterday by 0.58% to $88.79 per barrel;
Brent oil rallied by 1.66% to $105.84 per barrel;
Following these changes, the difference between Brent and WTI rose to $17.05/bbl. During the month, WTI increased by 4.51% and Brent oil by 9.1%.
Finally, the Henry Hub future (August delivery) changed direction and fell by 3.45% to $3.08/mmbtu; the Henry Hub spot rose to $3.18/mmbtu; the difference between the spot and future reached at -$0.1, Backwardation.
A Summary for July 25th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: