Commodities End Trading Lower; Crude Slips on Manufacturing Data; Strong Dollar and Debt Deal Weigh on Gold

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Commodities finished trading lower as crude oil futures slipped following disappointing news on manufacturing data while gold futures finish lower pressured, in part, by a stronger U.S. dollar and the debt deal struck in Washington over the weekend.

Light, sweet crude oil for September delivery finished down 0.9% to $94.89 a barrel. In other energy futures, heating oil was down 0.42% to $3.08 a gallon while natural gas was up 0.75% to $4.17 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.94% to $37.07. The United States Natural Gas ETF ( UNG ) is up 0.86% at $10.59.

Meanwhile, gold futures backed off of last week's record close to finish in the red.

Gold for August delivery finished down 0.6% to $1,621.70 an ounce. In other metal futures, silver was up 0.59% to $40.03 a troy ounce while copper traded up 0.22% to $4.47.

The US Dollar Index was up 0.86% to $74.38.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.18% to $158. Market Vectors Gold Miners ( GDX ) is up 0.79% to $57.34. iShares Silver Trust ( SLV ) is down 1.16% to $38.40.



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.

Copyright (C) 2014 MTNewswires.com. 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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