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Commodities Finish Lower as Crude Oil Gives Up High Ground; Gold Ends Lower

Commodities finished down as a strengthening dollar pushed back gold further from a its record close on Wednesday. Oil ended the session in the red as well.

Light, sweet crude for September delivery finished down 0.4% to $85.38 a barrel. In other energy futures, heating oil was up 0.82% to $2.92 a gallon while natural gas was down 0.88% to $4.07 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.3% to $33.20. The United States Natural Gas ETF ( UNG ) is down 1.35% at $10.26.

Meanwhile, gold futures cooled for a second consecutive session as bullion moved opposite the broader equities market.

Gold for August delivery finished down $9 to $1,743 an ounce. In other metal futures, silver was up 1.21% to $39.13 a troy ounce while copper traded up 0.04% to $4.03.

The US Dollar Index was up 0.02% to $74.60.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 2.96% to $169.41. Market Vectors Gold Miners ( GDX ) is down 0.34% to $59.10. iShares Silver Trust ( SLV ) is down 1.96% to $37.69.

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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