Markets
GDX

Commodities Finish Higher as Gold, Oil Notch Gains; Dollar Weakens

Commodities managed to finish trading higher ahead of the long holiday weekend with both gold and crude oil futures ending in positive territory.

Light, sweet crude for July delivery finished up 0.4% to $100.59 a barrel. In other energy futures, heating oil was up 0.32% to $2.99 a gallon while natural gas was up 3.49% to $4.51 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is up 0.18% to $39.67. The United States Natural Gas ETF (UNG) is up 3.33% at $11.47.

Meanwhile, gold futures finished at their best mark since May 3, MarketWatch reports. Also

Gold for August delivery finished up 0.9% to $1,536.30 an ounce. In other metal futures, silver was down 1.4% to $37.86 a troy ounce while copper traded up 0.22% to $4.11.

The U.S. dollar index (DXY) is down 0.81% to $74.94.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.92% to $149.58. Market Vectors Gold Miners ( GDX ) is up 1.44% to $57.92. iShares Silver Trust (SLV) is up 1.18% to $36.94.

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) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

GDX GLD

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More