Referenced Stocks

Economic Worries Hit Oil, Pushing Gold Higher by Close of Commodities Trading

By Midnight Trader October 14, 2010, 02:50:32 PM EDT

Commodities ended mixed with crude losing ground and gold gaining as the broader market suffers under employment worries.

Crude oil for November delivery closed down 0.5%, or $0.32, to settle at $82.69 a barrel.

In other energy futures, heating oil was down 0.48% to $2.28 a gallon while natural gas fell 0.38%, to $3.68 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.47% to $35.99. The United States Natural Gas ETF ( UNG ) was down 0.51% to $5.83.

Meanwhile, gold futures hit another record by the close of commodities trading.

Gold for December delivery closed up 0.5% to $1,377.60 an ounce. In other metal futures, silver rose 2.5% to $24.53 a troy ounce while copper fell 0.13% to $3.81 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.4% to $134.60. Market Vectors Gold Miners ( GDX ) was down 0.89% to $58.07. iShares Silver Trust ( SLV ) was up 2.04% to $23.97.




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.


This article appears in: Investing, Commodities

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



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