Referenced Stocks

Commodities Finish Trading Mixed as Crude Finishes on the Downside; Gold Hits New Record

By Midnight Trader,  October 11, 2010, 02:51:22 PM EDT

Commodities finished the day mixed as crude futures fell amid wavering investor enthusiasm while gold futures hit another record.

Crude oil for November delivery closed down 0.5%, or $0.45, to settle at $82.21 a barrel.

In other energy futures, heating oil was down 0.05% to $2.28 a gallon while natural gas fell 1.21%, to $3.61 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.58% to $35.94. The United States Natural Gas ETF ( UNG ) was down 1.37% to $5.75.

Meanwhile, gold futures rose to a new record high--it's 15th in little over a month, noted MarketWatch.

Gold for December delivery closed up 0.7% to $1,354.40 an ounce. In other metal futures, silver was up 1.06% to $23.35 a troy ounce while copper rose 0.37% to $3.78 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.39% to $132.17. Market Vectors Gold Miners ( GDX ) was flat at $57.30. iShares Silver Trust ( SLV ) was up 0.40% to $22.82.




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.


This article appears in: Investing, Commodities

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



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