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02-16-2011, 07:39 PM
SAN FRANCISCO (MarketWatch) -- Oil futures pared their advance and gold in electronic trading dipped further into the red Wednesday after minutes from the latest U.S. Federal Reserve meeting showed officials confident that the economy was on firmer footing at their January meeting and some officials wondered whether the Fed's bond-purchase plan could be scaled back. Crude for March delivery most recently added 62 cents, or 0.7%, to $84.93 a barrel on the New York Mercantile Exchange; it had traded at $85.18 before the minutes were released. Gold for April delivery [gcj11] retreated $1.20, or 0.1%, to $1,373.80 an ounce; it had traded at $1,374.50 before the release. Gold settled at $1,375.10 an ounce.
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