Gold drifts off earlier highs as copper gives back some gains from Tuesday’s strong rally.

Gold’s off around $6 from o/n highs around $1760, as copper prices slip back after a rise of over 2.5% on Tuesday following the o/n HSBC China PMI which showed manufacturing falling in China.

Oil prices are so far failing to extend yesterday’s rally as well, which is starting to lean on Gold prices . April WTI fell to 105.63 earlier from 106.39 . April Brent crude’s also slipped earlier to around 121.00 from 121.90

Oil traders are now looking to the API weekly inventory data later today which has analysts looking at a build in stocks for the latest week of around 1.5-2 million barrels