Gold ticks higher during the Asian session on Wednesday, stalling the previous day's retracement slide from a two-month high. The lack of any meaningful US Dollar buying ahead of the crucial US CPI report acts as a tailwind for the bullion. Meanwhile, oil-driven inflation fears keep bets for at least one Fed rate hike in 2026 firmly on the table and might keep a lid on any meaningful upside for the non-yielding yellow metal.