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Commodities Finish Mixed as Crude Oil Slips and Gold Gains Top 2%

Commodities finished trading mixed as crude oil futures finished down below $87 a barrel while gold snapped a losing streak to end with gains topping 2%.

Light, sweet crude oil for October delivery finished down 2.8% to $86.45 a barrel. In other energy futures, heating oil was down 2.16% to $2.98 a gallon while natural gas was down 3.36% to $3.91 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 2.52% to $33.60. The United States Natural Gas ETF ( UNG ) is down 4.47% to $9.73.

Meanwhile, gold futures finished higher, helped in part by a rough day for equities and the requisite safe-haven buying.

Gold for December delivery finished up 2.6% to $1,876.90 an ounce. In other metal futures, silver was up 4.2% to $43.27 a troy ounce while copper traded down 0.96% to $4.12.

The US Dollar Index was up 0.28% to $74.75.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 2.84% to $182.93. Market Vectors Gold Miners ( GDX ) is up 1.56% to $64.37. iShares Silver Trust ( SLV ) is up 4.05% to $42.16.

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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