COMEX gold continues to hover around lifetime high levels on Wednesday morning in Asia amid a weak dollar overseas and growing expectation of a Federal rate cut. All eyes will be on the Fed rate decision later on Wednesday. Currently, the yellow metal is slightly down by around 0.16% at $2719.30 amid profit taking at higher levels. Data from US showed retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Meanwhile, the Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. The NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August.

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