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

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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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

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

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