WASHINGTON
(dpa-AFX) - Gold futures were lower Wednesday morning as stock futures indicated a positive start on Wall Street, limiting gold's safe haven appeal.
A rally in crude oil prices resumed, but other commodities like gold and silver lagged.
Gold for April was down $6.40 at $1256 an ounce, not far from recent 13-month highs amid anxiety over the global economic situation.
Yesterday markets were spooked by the latest round of dismal economic news from
China
.
In the
U.S.
, the
Commerce Department is scheduled to release its wholesale inventories report for January at 10 am ET. Economists expect wholesale inventories to have edged down 0.1 percent month-over-month.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
Source: Equities.com News
(March 8, 2016 - 10:26 PM EST)
News by QuoteMedia
www.quotemedia.com
