Gold Climbs In Electronic Trade, Oil Pares Gains After Fed Statement

Gold futures settled lower Wednesday then climbed in electronic trading after the Federal Reserve voted to keep a key U.S. interest rate unchanged and implied that a September rate hike hasn't been ruled out. Nymex oil futures pared some of its gains following the statement. August gold traded at $1,096.60 an ounce in electronic trading on Globex, after settling at $1,092.60 on Comex, down $3.60, or 0.3%, before the Fed news. September oil added 83 cents, or 1.7%, to $48.88 a barrel ahead of the Nymex close, compared with $48.97 before the news.