MW: Oil, gold extend losses after factory, home data
By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- Crude oil futures modestly extended losses Thursday after a real-estate trade group said its index of pending home sales fell a seasonally adjusted 7.6% in January, and a separate report showed factory orders rose 1.7% in January. Economists were expecting a 2.5% increase in factory orders. Oil for April delivery fell 55 cents, or 0.7%, to $80.32 a barrel for the session, and compared to $80.57 ahead of the data. Gold also extended a session loss. Gold for April delivery fell $9.4, or 0.8%, to $1,133.9 an ounce, compared to $1,135.1 ahead of the data.
