Referenced Stocks

Commodities End Higher; Gold Hits Record as Crude Closes Above $80 a Barrel

By Midnight Trader,  October 01, 2010, 02:46:30 PM EDT

Commodities finished the trading day higher as crude futures surged past $80 a barrel and gold set yet another record high.

Crude oil for November delivery closed up 2%, or $1.61, to settle at $81.58 a barrel.

In other energy futures, heating oil was up $0.02 to $2.28 a gallon while natural gas fell 1.76%, to $3.80 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 2.12% to $35.58. The United States Natural Gas ETF ( UNG ) is down 1.59% to $6.07.

Meanwhile, gold futures restarted their advance after take a one-day breather.

Gold for December delivery closed up $8.20 to $1,317.80 an ounce. In other metal futures, silver was up $0.24 to $22.06 a troy ounce while copper rose $0.03 to $3.68 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.72% to $128.63. Market Vectors Gold Miners ( GDX ) was up 1.05% to $56.52. iShares Silver Trust ( SLV ) was up 1.27% to $21.58.




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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