The week started the same way the previous week had ended for gold and silver prices as they have declined again; crude oil price (WTI and Brent spot oil) had moderate changes; natural gas spot price continued bounced back and inclined.
Here is a summary of the price movements of precious metals and energy commodities for June 27th:
Precious Metals prices:
Gold price declined for the third straight business day, yesterday by 0.3% to $1,496. Silver price also fell by 3.04% to $33.60.
During June, gold prices decreased by 2.6% and silver price fell by 12.3%.
The EURO/ USD bounced back and inclined yesterday by 0.70%, as the USD depreciated against the EURO. During June the EURO/USD lost 0.8% of its value.
Oil and Gas prices:
WTI Spot oil price moderately declined by 0.24% to $90.61 per barrel; during June the WTI spot oil price fell by 11.8%.
Brent spot price on the other hand rose by 0.22% to $106.38 per barrel.
Due to these changes the difference between Brent and WTI inclined to $15.77.
Natural gas Henry Hub future price (July delivery) rose by 0.71% to $4.26/mmbtu. The Henry Hub spot price increased by 1.43% to $4.25/mmbtu; as a result the gap between the spot and future price fell to $0.01, i.e. contango. During June, natural gas spot price (Henry Hub) declined by 8.2%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
Monthly Analysis and Outlook:
- Natural gas prices outlook for June 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –June 2011