Commodities Mixed at Session's End; Crude Falls While Gold Gains

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Commodities were mixed by the close of trading as crude futures continued to slide and gold regained its status as a safe-haven investment.

Crude-oil for September delivery closed down $2.23, or 2.8% at $78.02 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.04 to $2.07 a gallon while natural gas rose 0.3%, to $4.31 per million British thermal units.


In energy ETFs, the United States Oil Fund ( USO ) was down 2.7% to $34.90. The United States Natural Gas ETF ( UNG ) was up 0.28% to $7.28.

Meanwhile, gold futures rose on investors seeking safe-haven investments amid the sell-offin equities.

Gold for December delivery closed up 0.4% to $1,199.20 an ounce. In other metal futures, silver fell $0.23 to $17.93 a troy ounce while copper fell $0.05 to $3.25 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.41% to $117.25. Market Vectors Gold Miners ( GDX ) was down 2.3% to $49.21. iShares Silver Trust ( SLV ) fell 2.5% to $17.52.



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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As of 12/19/2014, 04:15 PM


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