Referenced Stocks

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

By Midnight Trader October 12, 2010, 02:51:34 PM EDT

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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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



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