Daily Market Report
➢ Gold traded near $4,750 in early Asian trading on Tuesday.
➢ Gold edged higher as traders awaited the key US April CPI inflation report.
➢ Markets expect headline US CPI to rise to 3.7% YoY from 3.3% previously.
➢ Core CPI is forecast at 2.7% YoY, slightly above the prior 2.6%.
➢ Stronger inflation could push the Federal Reserve to keep rates higher for longer.
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