Commodities Mixed Ahead of the Open; Crude Contracts Wane, Gold Gains

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Commodities were mixed ahead of the open of U.S. equities markets with gold higher as crude futures sunk.

Crude-oil for September delivery was down by $0.45 to $82.02 a barrel on the New York Mercantile Exchange.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.27% to $36.90 in pre-market trading. United States Natural Gas ETF ( UNG ) was up 0.25% to $7.97 in pre-market trading.


In other energy futures, heating oil was down $0.01 to $2.19 a gallon while natural gas rose $0.01, to $4.74 per million British thermal units.

Meanwhile, gold futures rose ahead of the market open.

Gold for December delivery rose $2.70 to $1,198.60 an ounce. In other metal futures, silver rose $0.04 to $18.32 a troy ounce while copper fell $0.01 to $3.37 a pound.

In precious metal ETFs, the SPDR Gold Trust ( GLD ) was up 0.30% to $117.07. The Market Vectors Gold Miners ( GDX ) was up 0.25% to $49.75. iShares Silver Trust ( SLV ) was flat at $17.93.



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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