COMEX gold continues to hover near record highs as dollar pulled back after a notable slowdown by the annual rate of price growth increased confidence the Federal Reserve will lower interest rates at its monetary policy meeting next month. US CPI inflation report on Wednesday is expected to offer some hints about the Federal Reserve’s (Fed) interest rate cut path. Besides, safe-haven flows amid ongoing tensions in the Middle East are also keeping the yellow metal supported. Currently, the counter is quoting at $2510.40 an ounce, up 0.10% on the day.