By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Gold and oil futures extended losses after U.S. Federal Reserve said Wednesday it is extending its Operation Twist program since jobs growth is slowing. Disappointed investors sold commodities, with July oil CLN2 -3.34% down $2.84, or 3.4%, to $81.19 a barrel. Prices had traded at $81.95 shortly before the decision. Gold for August delivery GCQ2 -1.34% lost $28.90, or 1.8%, to $1,594.70 an ounce. It traded at $1,603 before the decision, and got a small but ultimately short-lived boost shortly after the announcement.
