MW: Crude off highs, gold lower after Bernanke speech
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil futures came off highs and gold stayed lower on Wednesday, after Federal Reserve Chairman Ben Bernanke said that the U.S. economy is strong enough to sustain diminishing support from fiscal policy in the coming year. Separately, the government reported that wholesale inventories rose 0.7% in April. Crude oil for July delivery rose $2.24, or 3%, to $74.23 a barrel. Gold for August fell $12.40, or 1%, to $1,233.30 an ounce.
