Commodities Finish Trading Higher; Crude Up Modestly as Gold Hits Yet Another High

By Staff,

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Commodities finished higher as trading closed with crude logging modest gains while gold futures flirted with $1,300 an ounce.

Crude-oil for November delivery closed up $0.03, or 0.01% at $76.52 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.01 to $2.12 a gallon while natural gas fell 1.93%, to $3.80 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.21% to $33.33. The United States Natural Gas ETF ( UNG ) was down 3.48% to $6.40.

Meanwhile, gold hit fresh highs by the close.

Gold for December delivery closed up $0.50 to $1,298.60 an ounce. In other metal futures, silver was up 0.1% to $21.47 a troy ounce while copper fell $0.7 to $3.59 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.02% to $126.67. Market Vectors Gold Miners ( GDX ) was down 0.4% to $55.45. iShares Silver Trust ( SLV ) was flat at 21.01.

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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