Gold Falls, Oil Pares Gains After Fed Announcement

By Myra P. SaefongMarketWatch Pulse

Gold futures fell in electronic trading Wednesday, while oil futures on the New York Mercantile Exchange pared some of their gains after the Federal Open Market Committee left interest rates unchanged but left the door open for a hike at the next meeting in December. Gold for December delivery was at $1,168 an ounce in electronic trading after settling at $1,176.10, up 0.9%, ahead of the announcement. December oil was up $2.52, or 5.8%, to $45.72 on Nymex, ahead of its settlement, but that was down from the $45.95 level it was at before the Fed news.

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