Commodities Mixed as Gold Retreats; Crude Advances

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Commodities finished trading mixed with gold retreating and oil advancing amid a respectable performance from equities.

Crude-oil for September delivery closed up $0.78, or near 1% at $81.48 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was up $0.01 to $2.15 a gallon while natural gas fell 3.5%, to $4.31 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.75% to $36.47. The United States Natural Gas ETF ( UNG ) was down 4% to $7.26

Meanwhile, gold futures fell as bulls returned to the market to start the week.

Gold for December delivery closed down 0.2% to $1,202.60 an ounce. In other metal futures, silver fell $0.15 to $18.32 a troy ounce while copper rose $0.02 to $3.36 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.36% to $117.42. Market Vectors Gold Miners ( GDX ) was down 0.22% to $50.06. iShares Silver Trust ( SLV ) fell 0.72% to $17.94.



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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