Commodities Finish Trading Mostly Higher; Gold Hits New Record as Crude Gains

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Commodities finished trading higher as gold futures hit yet a new record while crude also posted gains.

Crude oil for November delivery closed up 2.2%, or $1.65, to settle at $77.86 a barrel.

In other energy futures, heating oil was up $0.06 to $2.19 a gallon while natural gas rose 0.58%, to $3.97 per million British thermal units.


In energy ETFs, the United States Oil Fund ( USO ) was down 2.38% to $33.98. The United States Natural Gas ETF ( UNG ) was down 0.15% to $6.33.

Meanwhile, gold futures extended their record run.

Gold for December delivery closed up $2 to $1,308.30 an ounce. In other metal futures, silver was up 1.03% to $21.93 a troy ounce while copper rose $0.02 to $3.65 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.14% to $128.03. Market Vectors Gold Miners ( GDX ) was up 0.14% to $56.74. iShares Silver Trust ( SLV ) was up 0.56% to $21.41.



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.

Copyright (C) 2014 MTNewswires.com. 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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