MW: Gold, oil prices extend losses after sales data
By Barbara Kollmeyer
MADRID (MarketWatch) -- Gold prices fell sharply in the wake of data that showed a bigger-than-expected fall in retail sales for March. Retail sales fell 0.4% against expectations for a 0.1% decline. Gold for May delivery [gck3] extended prior losses to drop $29.30, or nearly 2%, to $1,535 an ounce. Oil for May delivery CLK3 -1.62% fell $1.47, or 1.6%, to $92. All commodities were taking a hit in wake of the data, which underpinned the U.S. dollar.
