Gold prices climb as oil gains more ground after Fed's interest-rate decision

San Francisco (Mar 15)  Gold prices climbed Wednesday, while oil prices gained more ground, finding support as the U.S. dollar DXY, -0.84% extended its decline in the wake of the Federal Reserve’s decision to raise its benchmark short-term interest rate, as expected, for the second time in three months. Gold for April delivery gcj6 was at $1,212.10 an ounce in electronic trading. It had settled before the announcement at $1,200.70, down $1.90, or 0.2%, for the session. April West Texas Intermediate oil CLJ7, +2.07% rose 90 cents, or 2%, to $48.62 a barrel, ahead of the settlement on the New York Mercantile Exchange. It was trading around $48.42 before the Fed news.

Source: MarketWatch