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Commodities End Mixed; Gold Up; Oil Pares Some Losses But Still Ends in Red

Commodities finished mixed as crude oil futures managed to pare some losses while still finishing in the red. Gold futures ended higher, lifted by a bearish market and a flight to safety ahead of the weekend.

Light, sweet crude for October delivery finished down 2% to $87.24 a barrel. In other energy futures, heating oil is down 1.75% to $2.99 a gallon while natural gas is down 1.51% to $3.92 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.94% to $33.79. The United States Natural Gas ETF ( UNG ) is down 1.74% to $9.88.

Meanwhile, gold futures ended higher as safe-haven buyers emerged amid a rough day for equities.

Gold for December delivery finished up 0.1% to $1,859.50 an ounce. In other metal futures, silver was down 1.96% to $41.69 a troy ounce while copper traded down 3.34% to $4.00.

The US Dollar Index was up 1.23% to $77.18.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 1.04% to $179.92. Market Vectors Gold Miners ( GDX ) is down 1.76% to $65.46. iShares Silver Trust ( SLV ) is down 2.35% to $40.25.

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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