US Inflation Data Could Significantly Impact Markets on Tuesday

• US CPI data release on Tuesday will impact gold prices, US dollar, stocks • Forecast 0.4% CPI monthly rise, 3.1% annual rate unchanged • Expectations higher CPI suggests inflation rebounding, may spur Fed rate hikes • Lower CPI bolsters disinflation view, supports case for Fed rate cuts in 2024 • Hotter CPI could boost yields & dollar, drag gold & stocks; Cooler CPI may have opposite impact