Gold down, oil pares gain as dollar recovers
Jun.24, 2011
NEW YORK (MarketWatch) — Gold futures fell further and oil prices pared an earlier gain on Friday, following a recovery by the dollar against the euro. U.S. stock futures also erased earlier gains, as traders reaccess Thursday’s late announcement of a longer-term plan to support Greece and the International Energy Agency’s release of oil reserves. Crude futures for August delivery added 14 cents, or 0.2%, to $91.16 a barrel, after touching $92.34 a barrel in Asian trading hours. Gold for August delivery remained down 0.1% at $1,519.70 an ounce, in volatile trading but off the lows of $1,516.20 an ounce.
Originally from MarketWatch


