Referenced Stocks

Commodities Finish Firm; Crude Gains Top 5% While Weaker Dollar Helps Gold

By MT Newswires September 27, 2011, 02:54:30 PM EDT

Commodities finish firmly higher as crude futures gains top 5% on a rally in equities and hopes for a stronger economy. Gold futures also gained, helped by a weaker greenback.

Light, sweet crude for November delivery finished up 5.3% to $84.45 a barrel. In other energy futures, heating oil was up 2.9% to $2.87 a gallon while natural gas was up 0.58% to $3.80 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 4.04% to $32.74. The United States Natural Gas ETF ( UNG ) is up 0.74% to $9.51.

Meanwhile, gold futures firmed after four days of losses to finish up over 3.5%. Silver and copper also traded firmly in the green.

Gold for December delivery finished up 3.6% to $1,652.50 an ounce. In other metal futures, silver was up 5.38% to $31.59 a troy ounce while copper traded up 4.98% to $3.44.

The US Dollar Index was down 0.74% to $77.50.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 1.89% to $160.56. Market Vectors Etf Trust ( GDX ) is up 1.38% to $58.13. iShares Silver Trust ( SLV ) is down 4.3% to $31.08.




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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