COMEX gold pulled back slightly from lifetime highs and is steadying around $2600 mark. Currently, the counter is quoting at $2600.10 an ounce, up 0.30% on the day, supported by a weaker dollar overseas ahead of the much awaited Federal rate decision. The Fed expected to announce its first rate cut since 2020 later in the global day. Meanwhile, data from US yesterday showed retail sales grew by 0.1% in August, reaching $710.8 billion. This followed a 1.1% rise in July and surpassed market predictions, which had anticipated a 0.2% decline. However, excluding automobile sales, Retail Sales increased by 0.1%, falling short of the expected 0.2% growth.