Commodities
Gold Rebounds as Dollar Pushes Lower After Softer US CPI Print
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Gold advanced as the dollar pushed lower after the latest US inflation data offered support for bets on interest rate cuts this year.
US inflation rose less than forecast in April amid tame prices for clothing and new cars, according to Bureau of Labor Statistics data. The CPI report suggests importers and retailers are absorbing some of the extra costs and imported products sold now had arrived before the tariffs were in effect.