Commodities End Mixed; Gold Advances, Crude Falls to Near $80 a Barrel

By Staff,

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Commodities finished trading mixed with gold advancing and oil declining as economic worries wracked the market.

Crude-oil for September delivery closed down $1.23, or 1.6% at $80.79 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.04 to $2.13 a gallon while natural gas fell $0.12, to $4.46 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 1.61% to $36.11. The United States Natural Gas ETF ( UNG ) was down 3.1% to $7.52

Meanwhile, gold futures rose as economic worries shook the equities markets.

Gold for December delivery closed up 0.5% to $1,205.30 an ounce. In other metal futures, silver rose $0.14 to $18.47 a troy ounce while copper fell $0.01 to $3.34 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.72% to $117.82. Market Vectors Gold Miners ( GDX ) was up 0.78% to $50.13. iShares Silver Trust ( SLV ) was rose 0.61% to $18.07.

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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