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Commodities Finish Mixed as Gold Gains Ground by the Close; Oil Stumbles on Egypt Fallout

Commodities finished trading mixed as crude oil futures moved in and out of the red only to finish lower as investors tried to decipher the outcome of events in Egypt. Gold futures finished with marginal gains.

Light, sweet crude oil for March delivery finished down $0.77, or 0.9%, to $84.81 a barrel. In other energy futures, heating oil was up 1.85% to $2.74 a gallon while natural gas was up 0.46% to $3.92 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.44% to $35.89. The United States Natural Gas ETF ( UNG ) is up 0.47% to $5.33.

Meanwhile, gold futures reversed two sessions of losses to finish in positive territory.

Gold for April delivery finished up 0.4% to $1,365.10 an ounce. In other metal futures, silver was up 1.82% to $30.54 a troy ounce while copper traded up 2.01% to $4.62.

The U.S. dollar index (DXY) is up 0.2% to $78.61.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.41% to $132.86. Market Vectors Gold Miners ( GDX ) is up 1.17% to $56.37. iShares Silver Trust ( SLV ) is up 2.09% to $29.82.

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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