MW: Crude higher after home sales; gold pares losses
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures reversed course and gold prices pared their losses after a report on U.S. existing home sales showed sales of new homes surged 27% in March to a seasonally adjusted annual rate of 411,000 after hitting a record low in February. Crude for June delivery gained 16 cents, or 0.1%, to $83.24 a barrel on Comex. Gold for June delivery lost 60 cents, or 0.04%, to $1,142.50 an ounce.
