MW: Gold gains as oil futures slip in early dealings
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gold futures climbed Monday morning, rebounding after suffering a more than $13-an-ounce loss on Friday as futures prices for crude oil edged lower to hold below $100 a barrel. June gold GCM11 +0.45% climbed $5 to $1,498.60 an ounce on the Comex division of the New York Mercantile Exchange. June crude CLM11 -0.82% traded 79 cents lower at $98.86 a barrel on Nymex. "Concerns of a slowdown in the U.S. economy" further weighed on crude oil prices, analysts at ICICI Bank said in a note to clients.
