Gold drifts higher to near $4,750 ahead of US CPI inflation release
Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday.
Gold prices are likely to continue rising ahead of the US CPI release as traders seek safe-haven assets amid geopolitical tensions. A positive inflation report could further bolster gold's appeal.
Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday.
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