Commodities Higher as Investors Renew Appetite for Stocks; Gold, Crude Oil Futures End Higher

By Staff,

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Commodities closed mostly higher amid broad investor enthusiasm for equities. Gold and crude oil futures both finished higher.

Crude-oil for September delivery closed up $0.15, or 0.7% at $75.77 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was up $0.03 to $2.02 a gallon while natural gas rose 0.9%, to $4.27 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.74% to $33.86. The United States Natural Gas ETF ( UNG ) was up 0.7% to $7.17.

Meanwhile, gold futures closed higher as investors pushed bullion to a six-week high, according to MarketWatch.

Gold for December delivery closed up $2.10 to $1,228.30 an ounce. In other metal futures, silver rose $15 to $18.63 a troy ounce while copper rose $0.06 to $3.36 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was flat at $119.73. Market Vectors Gold Miners ( GDX ) was up 0.95% to $51.19. iShares Silver Trust ( SLV ) rose 0.8% to $18.15.

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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