Gold Silver and Nat Gas Started the Week Rising–Recap July 30th

Most major commodities moved in a mixed trend during Monday: crude oil prices including WTI and Brent oil declined; gold and silver prices increased; natural gas Henry Hub (August delivery) and spot price hiked. The Euro changed direction and fell after it had increased for three consecutive days. Many exchange rates including the Aussie dollar increased against USD.

Here is a summary of the daily changes in precious metals and energy commodities for July 30th, 2012:

Forex and Bullion Markets:

Gold edged up by 0.08% to $1,624.0; Silver also rose by 1.95% and reached $28.03. During July, gold increased by 1.23% and silver rose by 1.52%.

The Euro/USD declined by 0.51% to 1.226; on the other hand, the U.S Dollar depreciated against many other currencies such as Aussie dollar by 0.19%.

Energy Commodities:

WTI oil price declined yesterday by 0.39% to $89.78 per barrel;

Brent oil also fell by 0.55% to $107.33 per barrel;

Following these changes, the difference between Brent and WTI edged down to $17.55/bbl. During the month, WTI increased by 5.67% and Brent oil by 10.6%.

Finally, the Henry Hub future (August delivery) changed direction again and hiked by 6.29% to $3.21/mmbtu; the Henry Hub spot also rose to $3.15/mmbtu; the difference between the spot and future reached at $0.06, Contango.

A Summary for July 30th:

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

Gold Silver Crude oil Natural gas 2012 July 30

For further reading: