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Commodities End Mixed as Gold Finishes a Winner; Oil Slips Below $98 a Barrel

Commodities ended trading mixed as safe-haven buying pushed gold shares higher while economic concerns weighed on oil. Copper ended below $4 a pound, as natural gas jumped.

Light, sweet crude for July delivery finished down 2.4% to $97.70 a barrel. In other energy futures, heating oil was down 2.26% to $2.85 a gallon while natural gas was up 3.17% to $4.36 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is down 2.31% to $38.56. The United States Natural Gas ETF (UNG) is up 1.73% at $11.15.

Meanwhile, gold futures finished on a high note as buyers moved into bullion amid renewed concerns over Europe's debt situation.

Gold for June delivery finished up 0.4% to $1,515.40 an ounce. In other metal futures, silver was down 0.66% to $34.85 a troy ounce while copper traded down 3.2% to $3.99 a pound.

The U.S. dollar index (DXY) is up 0.89% to $76.10.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.23% to $147.83. Market Vectors Gold Miners ( GDX ) is down 0.65% to $55.40. iShares Silver Trust (SLV) is up 0.23% to $34.26.

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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