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Gold eyes 17% year-to-date gain

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Oil prices cut losses after EIA says crude supplies rose 3.5 million barrels.  Oil futures pared losses on Wednesday after the U.S. EIA reported a 3.5 million-barrel build in crude-oil supplies for the week ended Feb. 19. Recent comments from major oil producers have dimmed any hopes for production cuts.

Gold futures marked their highest settlement in more than a week on Wednesday as a U.S. report on home sales added nervousness in financial markets.  Gold eyes 17% year-to-date gain.