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Commodities Mixed at Close as Crude Stumbles, Gold Gains; Silver Surges to Three-Decade High

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Commodities finished mixed as crude oil slumped in the last minutes of trading to close in the red. Gold logged modest gains while silver hit a new 31-year high.

Light, sweet crude oil for April delivery finished down $0.91, or 0.8%, to $96.97 a barrel. In other energy futures, heating oil was down 0.17% to $2.92 a gallon while natural gas was up 0.9% to $4.04 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.01% to $39.28. The United States Natural Gas ETF ( UNG ) is up 0.61% to $5.39.

Meanwhile, gold futures finished higher but were outdone by silver, which posted a fresh 31-year high.

Gold for April delivery finished up $0.60 to $1,409.90 an ounce. In other metal futures, silver was up 2.7% to $33.82 a troy ounce while copper traded up 0.79% to $4.49.

The U.S. dollar index (DXY) is down 0.44% to $76.94.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.13% to $137.19. Market Vectors Gold Miners ( GDX ) is up 0.14% to $59.03. iShares Silver Trust ( SLV ) is up 0.49% to $32.72.

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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