Gold futures closed lower on Wednesday, failing to
hold their ground at the $660 an ounce
level as a retreat in the oil prices
pared the metal's safe-haven appeal. Gold for April delivery closed $1.40 lower at $657.30 an ounce on the
New York Mercantile Exchange. Gold did
not take off as oil slipped on the price
graphs yet again. Crude's failure to capture the $60 per barrel level prevented gold from scaling $660.
Silver mirrored gold's moves and closed
at $13.65 an ounce.