MW: Gold edges up, oil futures extend fall after Fed
SAN FRANCISCO (MarketWatch) -- Gold futures edged higher in electronic trading Wednesday, while oil futures extended their decline on the New York Mercantile Exchange after the Federal Reserve decided to continue its program of buying $40 billion in mortgage-backed securities and maintained its Operation Twist program. Gold for December delivery (US:gcz2) traded at $1,703.90 an ounce in electronic trading on Globex. It closed at $1,701.60 on the Comex division of Nymex and was at around that level in electronic trade shortly before the Fed announcement. December crude oil (US:clz2) fell 95 cents, or 1.1%, to $85.72 a barrel on Nymex, from around $85.77 before the Fed decision.
