MW: Gold falls after two-session win; oil prices gain
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gold futures edged lower Thursday morning, pulling back after a two-session win of nearly $47 an ounce, while crude-oil futures climbed ahead of a U.S. government report that's expected to show a decline in last week's crude supplies. "With no surprises from the European interest rate decisions and U.S. ADP private sector payrolls and same store sales results coming in a lot stronger than had been expected, some of the fear that had gripped markets for the last two days appears to be easing a bit for now," said Colin Cieszynski, market analyst at CMC Markets, in a note. August gold GC1Q +0.01% fell $3.40 to $1,525.80 an ounce. August crude CL1Q +2.01% tacked on $2.03 to $98.69 a barrel.
