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MW: Commodity futures sink; gold down $52/oz
 
By Polya Lesova

NEW YORK (MarketWatch) -- Gold and oil futures fell sharply on Wednesday, tracking a selloff in U.S. stock futures. Gold for June delivery GCM2 -2.88% slumped $52, or 3%, to $1,620 an ounce on the New York Mercantile Exchange. Crude oil for May delivery CLK2 -1.15% fell $1.35 to $102.66 a barrel in electronic trading on Globex. The losses came after minutes from the latest meeting of the Federal Reserve on Tuesday poured cold water on hopes for another round of monetary stimulus. U.S. stock futures pointed to a sharply lower opening on Wall Street.
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