Stronger Dollar, Investor Uncertainty Weigh on Commodities; Gold, Oil Futures End Lower

By Staff,

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Commodities finished lower as gold futures retreated from earlier highs and crude futures stepped below $82 a barrel.

Crude oil for November delivery closed down 0.7%, or $0.54, to settle at $81.67 a barrel.

In other energy futures, heating oil was down 0.33% to $2.27 a gallon while natural gas fell 0.25%, to $3.59 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.11% to $35.64. The United States Natural Gas ETF ( UNG ) is down 0.43% to $5.78.

Meanwhile, gold futures fell as the dollar covered and a day after bullion hit an all-time high..

Gold for December delivery closed up 0.7% to $1,346.70 an ounce. In other metal futures, silver was up 0.20% to $23.39 a troy ounce while copper rose 0.38% to $3.80 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.39% to $131.78. Market Vectors Gold Miners ( GDX ) is down 0.94% to $56.87. iShares Silver Trust ( SLV ) is up 0.13% to $22.81.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 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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