Gold prices are higher Friday morning with investors seeking the safe-haven investment amid sluggish global equities and concerns about Ukraine .
Gold futures for June are up USD6.00 or 0.47% at USD1,293.70 an ounce.
However, a slightly stronger greenback on the back of Thursday’s positive jobless claims report is limiting the yellow metal’s gains.
On Thursday, gold futures ended marginally down at USD1,287.70 an ounce, extending losses to a third straight session.
Silver futures for July are up USD0.135 or 0.71% at USD19.273 an ounce.
Meanwhile, copper is up USD0.009 or 0.3% at USD3.072 per pound.
Investors will be looking ahead to the US Commerce Department’s data on wholesale inventories for March, due at 10 am ET . Economists expect wholesale inventories to have risen by 0.5% month-over-month.
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