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Commodities Finish Mixed With Crude Gaining, While Gold Slumps With Dollar

Commodities end trading mixed as crude oil futures managed to shake off early malaise to finish in positive territory. Gold, meanwhile, ended in red.

Light, sweet crude for July delivery finished up 0.1% to $100.40 a barrel. In other energy futures, heating oil was up 0.95% to $3.03 a gallon while natural gas was up 3.52% to $4.79 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is up 0.4% to $39.68. The United States Natural Gas ETF (UNG) is up 3.7% at $12.19.

Meanwhile, gold futures ended lower following bearish news on the US job picture.

The Labor Department said 422,000 people nationwide requested jobless benefits in the week ended May 28. The prior week's number was revised up to 428,000 from an original 424,000. Economists surveyed by MarketWatch had expected initial claims to decline to a seasonally adjusted 418,000 in the week ended May 28.

Gold for August delivery finished down 0.7% to $1,532.70 an ounce. In other metal futures, silver was down 4.44% to $36.02 a troy ounce while copper traded down 0.49% to $4.08.

The U.S. dollar index (DXY) is down 0.41% to $74.37.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.33% to $149.41. Market Vectors Gold Miners ( GDX ) is down 0.72% to $56.66. iShares Silver Trust (SLV) is down 1.48% to $35.22.

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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