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Commodities Finish Lower as Crude, Gold Slump Into the Close; Dollar Weakens

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Commodities finished lower as crude oil and gold futures both finished in the red despite a positive day for equities.

Light, sweet crude oil for August delivery finished down 0.6% to $90.61 a barrel. In other energy futures, heating oil was up 0.54% to $2.76 a gallon while natural gas was up 0.61% to $4.25 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is down 0.70% to $35.56. The United States Natural Gas ETF (UNG) is up 0.37% at $10.77.

Meanwhile, gold futures ended below $1,500 an ounce as the dollar also lost strength.

Gold for August delivery finished down 0.3% to $1,496.40 an ounce. In other metal futures, silver was down 2.91% to $33.64 a troy ounce while copper traded down 0.73% to $4.08.

The US Dollar Index was down 0.26% to $75.39.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.44% to $145.62. Market Vectors Gold Miners ( GDX ) is down 0.1% to $52.53. iShares Silver Trust (SLV) is down 1.95% to $32.71.

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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