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The dollar rose against the yen and the euro, after trailing both currencies over the past week, after Janet Yellen said the Fed would wait before beginning its first series of Fed rate increases in more than six years.
The euro EURUSD, +0.01% traded at $1.23, its lowest level since Dec. 8, while the dollar USDJPY, -0.14% traded at 118.70 yen, its highest level since Dec. 12. They traded at $1.25 and ¥117.07 Tuesday, respectively.
As the dollar DXY, -0.09% inched up against most major rivals.
March silver SIH5, +0.89% jumped 18 cents, or 1.1%, to settle at $15.93 an ounce.
January platinum PLF5, +0.53% rose $3, or 0.3%, to end at $1,199.50 an ounce, while March palladium PAH5, +0.81% shed $4.75, or 0.6%, to settle at $779.25 an ounce. High-grade copper for March delivery HGH5, +0.03% rose by a penny, or 0.3%, to settle at $2.87 a pound.
Gasoline for January delivery RBF5, +0.24% rose by 3 cents to settle at $1.57 a gallon on the Nymex. January heating oil HOF5, -0.20% gained 5 cents to end at $2.01 a gallon on the Nymex.
U.S. crude-oil futures bounced back Wednesday, rebounding from a five-year low after data showed crude inventories declined, although less than forecast.
Crude futures for delivery in January CLF5, -0.12% settled higher by 54 cents, or 1%, at $56.47 a barrel on the New York Mercantile Exchange. Oil had traded as low as $54.21 in earlier action Wednesday, its lowest level since May 2009, then jumped by as much as 5% to nearly $59 before giving back most of that gain.
Gold futures switched between small gains and losses Wednesday in electronic trading, after briefly jumping above the key round number of $1,200 in the wake of what some analysts described as a more-dovish-than-anticipated Federal Reserve statement.
Gold for February delivery GCG5, +0.36% was last down $2.70, or 0.2%, to $1,191.60 an ounce. Before the Fed release hit at 2 p.m. Eastern, February gold had settled slightly higher but under $1,200 — up 20 cents to $1,194.50 an ounce, snapping a five-day losing streak.
