Commodities Finish Trading Mix; Gold Logs Gains as Crude Falls

By Staff,

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Commodities were mixed at the close of the session as crude futures closed lower while gold futures rose.

Crude-oil for September delivery closed down $0.15, or 0.2% at $75.24 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.01 to $1.98 a gallon while natural gas fell 2.3%, to $4.23 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.5% to $33.62. The United States Natural Gas ETF ( UNG ) was down 2.3% to $7.12.

Meanwhile, gold futures were higher amid mixed equities trading.

Gold for December delivery closed up $9.60 to $1,226.20 an ounce. In other metal futures, silver rose $0.27 to $18.43 a troy ounce while copper rose $0.03 to $3.30 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.9% to $119.77. Market Vectors Gold Miners ( GDX ) was up 1.7% to $50.57. iShares Silver Trust ( SLV ) rose 1.6% to $18.02.

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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