Referenced Stocks

Commodities Finish Higher; Gold Up Modestly While Crude Futures Surged

By Midnight Trader,  August 27, 2010, 02:46:06 PM EDT

Commodities finished the day mostly higher with gold futures gaining despite losing some early steam. Crude finished higher amid a strong showing for equities.

Crude-oil for October delivery closed up $1.54, or 2.5% at $75.17 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was up $0.02 to $2.03 a gallon while natural gas fell 3.22%, to $3.69 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 2.3% to $33.36. The United States Natural Gas ETF ( UNG ) was down 3.64% to $6.22.

Gold futures managed some modest gains even as the metal came off multi-month highs, reported MarketWatch.

Gold for December delivery closed up $0.20 to $1,237.90 an ounce. In other metal futures, silver rose $0.05 to $19.07 a troy ounce while copper rose $0.06 to $3.39 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.2% to $120.76. Market Vectors Gold Miners ( GDX ) was up 0.58% to $53.04. iShares Silver Trust ( SLV ) rose 0.22% to $18.63.




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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