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

By Staff,

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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 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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