Australian shares are set to open marginally higher on Tuesday, likely boosted by gold and mining stocks on the back of strong underlying prices, while investors exercised caution ahead of a key U.S. inflation reading later in the week.
The local share price index futures (YAPcm1) rose 0.6%, a 2.0-point premium to the underlying S&P/ASX 200 index XJO close. The benchmark fell 0.5% on Monday.
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