Gold Silver and Oil Declined on Tuesday–Recap July 31st

Most major commodities declined during the last day of the month: crude oil prices including WTI and Brent oil decreased on Tuesday; gold and silver prices also decreased; natural gas Henry Hub (August delivery) remained unchanged while the spot price rose. The Euro changed direction and rose after it had decreased on Monday. Several exchange rates including the Canadian dollar decreased against USD.

Here is a summary of the daily changes in precious metals and energy commodities for July 31st, 2012:

Forex and Bullion Markets:

Gold slipped by 0.58% to $1,614.6; Silver also fell by 0.42% and reached $27.91. During July, gold increased by 0.65% and silver rose by 1.09%.

The Euro/USD rose by 0.36% to 1.2304; on the other hand, the U.S Dollar appreciated against many other currencies such as Canadian dollar by 0.14%.

Energy Commodities:

WTI oil price fell yesterday by 1.92% to $88.06 per barrel;

Brent oil also declined by 1.3% to $105.93 per barrel;

Following these changes, the difference between Brent and WTI edged up to $17.87/bbl. During the month, WTI increased by 3.65% and Brent oil by 9.2%.

Finally, the Henry Hub future (August delivery) remained unchanged at $3.21/mmbtu; the Henry Hub spot rose to $3.21/mmbtu; the difference between the spot and future was nullified.

A Summary for July 31st:

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

Gold Silver Crude oil Natural gas 2012 July 31

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