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Commodities Finish Mixed as Economic Concerns Weigh; Crude Slips, Gold Gains

Commodities finished mixed as crude oil futures slipped and gold gained for the same reason--concern the economy was slowing.

Light, sweet crude for September delivery finished down 1.2% to $93.79 a barrel. In other energy futures, heating oil was down 0.3% to $3.08 a gallon while natural gas was down 0.81% to $4.15 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.59% to $36.61. The United States Natural Gas ETF ( UNG ) is down 0.71% at $10.51.

Meanwhile, gold futures finished with gains as concerns emerged anew that a double-dip recession is a renewed possibility.

Gold for August delivery finished up 1.4% to $1,644.50 an ounce. In other metal futures, silver was up 2.28% to $40.20 a troy ounce while copper traded down 0.27% to $4.39.

The US Dollar Index was up 0.26% to $74.50.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 1.54% to $160.15. Market Vectors Gold Miners ( GDX ) is up 2.41% to $58.74. iShares Silver Trust ( SLV ) is up 2.51% to $39.25.

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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