MW: Oil, gold off highs after data, Geithner remarks
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil and gold futures came off highs Tuesday morning, after an index of pending U.S. home sales rose 1% in December and Treasury Secretary Timothy Geithner said the U.S. can't make deep and immediate budget cuts. Crude oil for March delivery rose 81 cents, or 1%, to $75.26 a barrel, compared with $75.40 ahead of the data and Geithner's remarks. April gold rose $7.30, or 0.7%, to $1,112.30 an ounce, off from $1,113.
