Gold futures inched higher Wednesday morning, staying near 3-month highs from the previous session amid lingering worries about the global economy.
Risk aversion has boosted demand for safe haven assets like gold and the US dollar.
Stocks plunged yesterday along with oil prices, so gold jumped to its highest since early November.
Gold for April was up $3 at $1130 an ounce this morning.
The Institute for Supply Management is scheduled to release the results of its service sector survey for January at 10 am ET.
The material has been provided by InstaForex Company – www.instaforex.com