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

02/29/2012 3:40 PM by JPUpdates Staff

More from News

Facebook Auto Publish Powered By :