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Commodities Mixed at Close; Gold Gains, Crude Oil Slips on C

Financial News Network
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February 09, 2011 AT 3:37 AM
Commodities ended mixed as gold futures gained on a stronger dollar while crude oil ended below $87 a barrel. Light, sweet crude oil for March delivery finished down $0.54, or 0.6%, to $86.94 a barrel. In other energy futures, heating oil was up 0.42% to $2.70 a gallon while natural gas was down 1.68% to $4.03 per million British thermal units. In energy ETFs, the United States Oil Fund (USO) is down 0.33% to $36.54. The United States Natural Gas ETF (UNG) is down 1.97% to $5.48.Gold futures ended higher thanks to an interest rate hike in China and a weaker dollar. Gold for April delivery finished up $15.90 to $1,364.10 an ounce. In other metal futures, silver was up 3.28% to $30.30 a troy ounce while copper traded up 0.27% to $4.58. The U.S. dollar index (DXY) is down 0.17% to $77.91.