June gold futures are expected to open floor trading in New York around $3 an ounce higher Wednesday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. May silver is expected to be up about 15 cents an ounce. At 7:49 a.m. EDT, spot gold was trading up $9.35 to $905.65. In overnight activity, spot gold rose on a weaker dollar and concerns over the upcoming U.S. bank stress test results, but traders said gold lacked the drivers for a sustained rally in the short term. In other markets that have the potential to impact metals in the short term, the euro was near steady, down to $1.3300 from $1.3324 late Tuesday afternoon. In screen trading ahead of the pit open, the June S&P 500 futures were down 7.50 points to 895.90. June crude was up 42 cents to $54.26 in overnight activity. U.S. economic reports on Wednesday include: -- April ADP National Employment Report at 8:15 a.m. (1215 GMT), with private payrolls forecast down 650,000; -- May 8 US Energy Dept Oil Inventories at 10:30 EDT (1430 GMT), with crude oil stocks expected up 2.1 million barrels. Comex gold warehouse stocks were down 801 ounces at 8,488,583 ounces Tuesday, while silver stocks were up 1,218,487 ounces at 117,936,827 ounces.

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