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Another Day, Another Record for Gold as Commodities End Higher; Crude Also Bounces

Commodities finished mostly higher, with crude oil and gold futures ending the session in positive territory, the latter at a record. The dollar also gained strength against foreign currencies.

Light, sweet crude for September delivery finished up 4.5% to $82.89 a barrel. In other energy futures, heating oil was up 3.62% to $2.86 a gallon while natural gas was up 0.23% to $4.00 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.96% to $32.24. The United States Natural Gas ETF ( UNG ) is down 0.15% at $10.11.

Meanwhile, gold futures closed at another record higher but not before advancing above $1,800 for a brief period during the session.

Gold for August delivery finished up 2.4% to $1,784.30 an ounce. In other metal futures, silver was up 3.24% to $39.10 a troy ounce while copper traded down 0.88% to $3.93.

The US Dollar Index was up 0.83% to $74.52.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 2.15% to $172.24. Market Vectors Gold Miners ( GDX ) is up 4.2% to $60.12. iShares Silver Trust ( SLV ) is up 4.98% to $38.11.

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

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

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