Commodities Finish Mixed as Economic Concerns Weigh; Crude Slips, Gold Gains

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Commodities finished mixed as crude oil futures slipped and gold gained for the same reason--concern the economy was slowing.

Light, sweet crude for September delivery finished down 1.2% to $93.79 a barrel. In other energy futures, heating oil was down 0.3% to $3.08 a gallon while natural gas was down 0.81% to $4.15 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.59% to $36.61. The United States Natural Gas ETF ( UNG ) is down 0.71% at $10.51.

Meanwhile, gold futures finished with gains as concerns emerged anew that a double-dip recession is a renewed possibility.

Gold for August delivery finished up 1.4% to $1,644.50 an ounce. In other metal futures, silver was up 2.28% to $40.20 a troy ounce while copper traded down 0.27% to $4.39.

The US Dollar Index was up 0.26% to $74.50.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 1.54% to $160.15. Market Vectors Gold Miners ( GDX ) is up 2.41% to $58.74. iShares Silver Trust ( SLV ) is up 2.51% to $39.25.



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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