Commodities End Higher as Gold Hits a Fresh High; Crude Surges Above $83 a Barrel

By Staff,

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Commodities ended trading higher as crude surged over $83 a barrel and gold hit--surprise--another record high.

Crude oil for November delivery closed up 1.6%, or $1.34, to settle at $83.01 a barrel.

In other energy futures, heating oil was up 1.64% to $2.29 a gallon while natural gas rose 1.96%, to $3.70 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.43% to $36.16. The United States Natural Gas ETF ( UNG ) is up 1.72% to $5.91.

Meanwhile, gold futures hit another record by the close of commodities trading.

Gold for December delivery closed up 1.8% to $1,370.50 an ounce. In other metal futures, silver was up 3.3% to $23.91 a troy ounce while copper rose 0.92% to $382 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 1.39% to $133.80. Market Vectors Gold Miners ( GDX ) was up 2.68% to $58.70. iShares Silver Trust ( SLV ) was up 2.32% to $23.37.

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

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