Commodities Finish Lower as Gold Hits Seven-Week High; Crude Falls

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Commodities were mixed at the close as crude futures fell and gold rose.

Crude-oil for September delivery closed down $0.35, or 0.5% at $75.42 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.01 to $2.02 a gallon while natural gas fell 0.68%, to $4.23 per million British thermal units.


In energy ETFs, the United States Oil Fund ( USO ) was down 53% to $33.69. The United States Natural Gas ETF ( UNG ) was down 0.91% to $7.12.

Meanwhile, gold futures closed at a seven-week high.

Gold for December delivery closed up $3.10 to $1,231.40 an ounce. In other metal futures, silver fell $0.19 to $18.45 a troy ounce while copper rose $1 to $3.37 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.37% to at $120.20. Market Vectors Gold Miners ( GDX ) was up 1.51% to $52.06. iShares Silver Trust ( SLV ) fell 0.61% to $18.01.



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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