Commodities End Higher as Gold, Crude Oil Futures Surge


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Commodities finished trading higher with gold futures hitting another high while crude futures also soared.

Crude-oil for November delivery closed up $1.31, or 2% at $76.49 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was up $0.01 to $2.13 a gallon while natural gas fell 3.36%, to $3.88 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 2.11% to $33.36. The United States Natural Gas ETF ( UNG ) was down 3.48% to $6.40.

Meanwhile, gold surged to top $1,300 an ounce before falling back.

Gold for December delivery closed up $1.80 to $1,298.10 an ounce. In other metal futures, silver was up 0.91% to $21.40 a troy ounce while copper rose $0.03 to $3.62 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.34% to $126.73. Market Vectors Gold Miners ( GDX ) was up 0.20% to $55.87. iShares Silver Trust ( SLV ) rose 1.55% to $20.98.

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

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

This article appears in: Investing , Commodities
More Headlines for: GDX , GLD , SLV , UNG , USO

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