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Commodities Finish Weaker On Japan Concerns, Fed Stance

Commodities finished lower as crude oil futures dropped on ongoing concerns in Japan. Gold also ended weaker. Both added to losses late in the session after the Federal Reserve held interest rates unchanged and continued its plan to buy government bonds.

Light, sweet crude oil for April delivery finished down 3.81%, to $97.33 a barrel. In other energy futures, heating oil was down 3.55% to $2.955 a gallon while natural gas rose 1.05% to $3.955 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 3.86% to $39.33. The United States Natural Gas ETF ( UNG ) is up 1.34% to $10.56.

Meanwhile, gold futures ended lower.

Gold for April delivery finished down 2.17% to $1394.00 an ounce. In other metal futures, silver was down 4.24% to $34.32 a troy ounce while copper traded down 0.61% to $4.161.

The U.S. dollar index (DXY) is up 0.07% to $76.40.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 2.03% to $136.04. Market Vectors Gold Miners ( GDX ) is down 3.13% to $56. iShares Silver Trust ( SLV ) is down 3.97% to $33.62.

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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