Gold Drops $77 Today, Down for the Month; Oil Up 8.7% for the Month

Gold futures dropped more than $77 an ounce Wednesday and posted a loss for February of 1.7%, as Federal Reserve Chairman Ben Bernanke failed to offer an indication of further quantitative easing, boosting the dollar and pressuring dollar-denominated gold… Crude-oil futures returned to higher ground Wednesday, leaving the contract for April delivery up 52 cents, or 0.5%, at $107.07 a barrel on the New York Mercantile Exchange. For the month, oil climbed 8.7%. Market Watch

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