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Commodities Finish Mixed; Gold Ends Fractionally Higher, While Crude Slips

Commodities finished trading mixed as gold added back some of its losses from the prior session while crude oil futures backed off a fraction from yesterday's gains.

Light, sweet crude for October delivery finished down 0.3% to $89.05 a barrel. In other energy futures, heating oil was down 0.98% to $3.04 a gallon while natural gas was up 0.79% to $3.04 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.43% to $34.54. The United States Natural Gas ETF ( UNG ) is up 1.11% to $10.04.

Meanwhile, gold futures finished higher as comments Federal Reserve chairman Ben Bernanke said in comments that there will be no lasting impact from the Standard & Poor's downgrade and that inflation was in check.

Gold for December delivery finished up 2.2% to $1,857.50 an ounce. In other metal futures, silver was up 2.0% to $42.46 a troy ounce while copper traded down 0.02% to $4.13.

The US Dollar Index was up 0.9% to $76.19.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 2.24% to $181.05. Market Vectors Gold Miners ( GDX ) is up 1.56% to $66.45. iShares Silver Trust ( SLV ) is up 1.83% to $41.27.

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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