Commodities Finish Higher; Crude, Gold Futures Surge on Stock Rally

By Staff,

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Commodities futures ended higher with futures contracts of both gold and crude oil logging gains.

Crude oil for November delivery closed up 1.7%, or $1.35, to settle at $82.82 a barrel.

In other energy futures, heating oil is up 0.74% to $2.30 a gallon while natural gas rose 0.21%, to $3.73 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.49% to $36.11. The United States Natural Gas ETF ( UNG ) is up 0.5% to $5.98.

Meanwhile, gold futures moved higher to hit a fresh record.

Gold for December delivery closed up $23.50 to $1,340.30 an ounce. In other metal futures, silver was up 3.4% to $22.78 a troy ounce while copper rose 1.73% to $3.72 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 2% to $131.03. Market Vectors Gold Miners ( GDX ) was up 3.7% to $57.60. iShares Silver Trust ( SLV ) was up 3.9% to $22.34.

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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