Silver and gold prices started the week with falls –June 27

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):

Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 June 27


For further reading:

Monthly Analysis and Outlook: