Daily Market Report
➢ Gold edged higher near $4,725 in early Asian trading on Wednesday.
➢ Hotter-than-expected US inflation limited gains in Gold prices.
➢ US CPI rose 3.8% YoY in April versus 3.3% previously and above the 3.7% forecast.
➢ Monthly US headline CPI increased 0.6% in April, matching expectations.
➢ Core CPI rose 0.4% monthly and 2.8% yearly, staying above the Fed’s 2% target.
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