Brian Hicks, a fund manager at U.S. Global Investors specializing in natural resources, says investors are content to harvest profits after a recent run-up in commodity prices. Hicks saiys traders are also paring back positions as some commodities hit the upper end of some technical trading ranges.

Gold, which has seen a big boost from the weakening dollar, declined. gold for December delivery fell $2.20 Friday to settle at $1,056.40 an ounce on the New York Mercantile Exchange.

Oil prices dipped again. Light, sweet crude for December delivery fell 69 cents to settle at $80.50 a barrel.

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