Commodities: Gold falls on profit taking
Gold prices slipped lower from record highs as investors took the opportunity to bag some profits.
The gold contract for April delivery settled down $4.10 at $909.40 an ounce.
Platinum and palladium prices hit new highs though as supply worries continued in South Africa. The country produces most of the world's platinum and has been suffering from power shortages, which has been affecting mines in the country.
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Crude supplies moved ahead due to the temporary closure of a busy petrochemical waterway in Houston due to fog. Further delays in the Houston Ship Channel will increase supply concerns.
Meanwhile, the White House said it will spend around $584m by the end of September to buy oil for the Strategic Petroleum Reserve.
A barrel of oil rose $1.06 to $90.02
