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Commodities Finish Lower; Gold, Crude Oil Slip While Natural Gas Moves Higher

Commodities finished trading in the red as crude oil and gold futures hit three-week lows.

Light, sweet crude for October delivery finished down 2.6% at $85.70 a barrel. In other energy futures, heating oil was down 2.2% to $2.94 a gallon while natural gas was up 0.81% to $3.84 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 2.55% to $33.27. The United States Natural Gas ETF ( UNG ) is down 0.1% to $9.66.

Meanwhile, gold futures ended lower as the U.S. dollar strengthened against foreign currencies, squelching demand for bullion, which trades in U.S. dollars.

Gold for December delivery finished down $35.80 to $1,778.90 an ounce. In other metal futures, silver was down 3.6% to $39.35 a troy ounce while copper traded down 3.82% to $3.78.

The US Dollar Index was up 0.48% to $76.64.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 1.67% to $173.09. Market Vectors Gold Miners ( GDX ) is down 0.42% to $63.84. iShares Silver Trust ( SLV ) is down 2.87% to $38.26.

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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