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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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

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