Commodities Finish Mixed as Gold Registers Gains, Crude Falls

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Commodities were mixed at the close as investor appetite for gold pushed bullion futures higher while crude futures sank.

Crude-oil for September delivery closed down $2.28, or 2.9% at $75.74 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.07 to $2.00 a gallon while natural gas fell 0.7%, to $4.29 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 2.6% to $33.85. The United States Natural Gas ETF ( UNG ) was down 0.82% to $7.22.

Gold futures gained for another session as investors sought a safe place to park their money.

Gold for December delivery closed up 1.5% to $1,216.70 an ounce. In other metal futures, silver rose $0.12 to $18.03 a troy ounce while copper rose $0.03 to $3.30 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 1.2% to $118.77. Market Vectors Gold Miners ( GDX ) was up 2.1% to $50.09. iShares Silver Trust ( SLV ) rose 0.7% to $17.65.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: GDX , GLD , SLV , UNG , USO

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