WASHINGTON (dpa-AFX) - Gold prices are flat Wednesday morning, with the dollar's slight decline and weak European markets helping bullion level off after recent losses.
Gold futures for December delivery are up $1.30 or 0.1 percent at $1,286.50 an ounce.
On Tuesday, gold futures ended up $6.30 or 0.5 percent at $1,285.20 an ounce, despite fairly positive global equity markets and a slightly strong greenback.
Economic reports out of the U.S. were quite encouraging with durable goods order for July rising 22.6 percent and consumer confidence jumping to its highest level in almost seven years.
Silver for December is up $0.025 or 0.13 percent at $19.484 an ounce. Meanwhile, copper is down $0.007 or 0.21 percent at $3.206 per pound.
In economic news from the eurozone, the leading economic indicators index rebounded in July, gaining 0.3 percent month-over-month, following the 0.1 percent drop in June.
At the Jackson Hold Symposium last Friday, European Central Bank President Mario Draghi has said the ECB might come out with more stimulus if inflation dropped further.
Copyright RTT News/dpa-AFX