Most major commodities didn’t do much during yesterday’s trading: crude oil (WTI) price edged up while Brent oil declined; gold price edged up while silver slipped. Natural gas Henry Hub (August delivery) and spot price continued to trade up. The Euro declined against the USD. Many other currencies rates including the Aussie dollar also decreased against USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 24th, 2012:
Forex and Bullion Markets:
Gold rose by 0.22% to $1,580.8; Silver fell by 0.85% and reached $26.81. During July, gold decreased by 1.46% and silver by 2.9%.
The Euro/USD declined again by 0.46% to 1.2061; further, the U.S Dollar appreciated against many other currencies such as Aussie dollar by 0.37%.
Energy Commodities:
WTI oil price bounced back and rose yesterday by 0.42% to $88.28 per barrel;
Brent oil, on the other hand declined by 0.12% to $104.11 per barrel;
Following these changes, the difference between Brent and WTI declined to $15.83/bbl. During the month, WTI increased by 3.91% and Brent oil by 7.3%.
Finally, the Henry Hub future (August delivery) increased by 2.24% to $3.19/mmbtu; the Henry Hub spot also rose to $3.17/mmbtu; the difference between the spot and future reached at $0.02, Contango.
A Summary for July 24th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: