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Commodities Finish Mixed; Crude Oil Futures Slip; Gold Gains on Europe Woes

Commodities finished mixed while gold futures managed to close up nearly 1%, help, in part, by a weaker dollar. Crude futures slipped nearly 1%.

Light, sweet crude oil for January delivery finished down 0.8% to $100.49 a barrel. In other energy futures, heating oil was down 0.88% to $2.99 a gallon while natural gas was down 1.92% to $3.42 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.21% to $39.09. The United States Natural Gas ETF ( UNG ) is up 0.52% to $7.67.

Meanwhile, gold futures finished higher as worries emerged over whether Europe can effectively address its debt crisis.

Gold for February delivery finished up 0.8% to $1,744.80 an ounce. In other metal futures, silver was down 0.5% to $32.58 a troy ounce while copper was down 0.67% to $3.55.

The US Dollar Index was down 0.1% to $78.44.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.65% to $169.27. Market Vectors ETF Trust ( GDX ) is down 0.32% to $58.83. iShares Silver Trust ( SLV ) is down 1.16% to $31.56.

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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