Referenced Stocks

Commodities Advance; Gold Hits New Record as Crude Continues Weeklong Rally

By Midnight Trader,  October 06, 2010, 02:56:34 PM EDT

Commodities futures ended higher for the second session in a row with both gold and crude oil futures posting gains by the session's close.

Crude oil for November delivery closed up 0.53%, or $0.41, to settle at $83.23 a barrel.

In other energy futures, heating oil was up 0.23% to $2.30 a gallon while natural gas rose 3.31%, to $3.86 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.64% to $36.32. The United States Natural Gas ETF ( UNG ) was up 2.63% to $6.17.

Meanwhile, gold futures advanced to another record high.

Gold for December delivery closed up $7.40 to $1,347.70 an ounce. In other metal futures, silver was up 1.35% to $23.04 a troy ounce while copper rose 0.81% to $3.75 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.44% to $131.57. Market Vectors Gold Miners ( GDX ) was up 1.45% to $58.09. iShares Silver Trust ( SLV ) was up 1.39% to $22.65.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: GDX, GLD, SLV, UNG, USO



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