Referenced Stocks

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

By Midnight Trader August 01, 2011, 02:42:18 PM EDT

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.


This article appears in: Investing, Commodities

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



Latest News Video



From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%