Commodities Mixed as Crude Futures Lose Steam, Gold Logs Additional Gains

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Commodities were mixed at the floor session's close with crude falling fractionally and gold logging another day of gains.

Crude-oil for September delivery closed down $0.08, or 0.1% at $82.47 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was up $0.11 to $2.20 a gallon while natural gas rose $0.09, to $4.73 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.14% to $36.86. The United States Natural Gas ETF ( UNG ) was up 1.4% to $7.98

Meanwhile, gold futures were higher as bullion nearly hit the $1,200 mark, but backed off in the last part of trading, MarketWatch reported.

Gold for December delivery closed up 0.7% to $1,195.90 an ounce. In other metal futures, silver fell $0.14 to $18.28 a troy ounce while copper rose $0.05 to $3.40 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.79% to $116.91. Market Vectors Gold Miners ( GDX ) were up 2.21% to $49.39. iShares Silver Trust ( SLV ) was down 0.67 to $17.90.



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.

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This article appears in: Investing , Commodities

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

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