Gold Gains, Oil Pares Some Losses After Fed Announcement

By Myra P. SaefongMarketWatch Pulse

Gold futures climbed on Globex Thursday, while oil futures on the New York Mercantile Exchange pared some of its losses after the Federal Open Market Committee left its interest rates unchanged but said it forecasts a hike this year. December gold was at $1,123.70 an ounce in electronic trading after settling on Comex at $1,117, down $2, ahead of the announcement. October oil fell 35 cents, or 0.7%, to $46.80 on Nymex, ahead of its settlement.

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