gold futures were seeing a modest pull back on wednesday retreating from the highest settlement in about two weeks however commodity analysts say that softness in the us dollar and weakness in yields for government debt are likely helping to limit losses for bullion december gold gc00 gcz21 was trading 350 or 02 lower at 180360 after the yellow metal marked the highest finish for a mostactive contract since sept 3 factset data showed on tuesday us inflation data proved a support for prices of precious metals the consumerprice index climbed another 03 in august compared with a rise of 05 in july the government said tuesday still investors are awaiting a bigger catalyst in the form of the federal reserve’s september meeting next week which may set the tone for monetary policy in the coming months as it plans a tapering of its monthly bond purchases “indeed investors are waiting for more clarity from the fed about the timing of the tapering but this will probably not arrive in the september meeting increasing chances of keeping bonds in the current limbo waiting for a clear directionality” wrote carlo alberto de casa analyst at kinesis money in a daily research note the us dollar index was off 01 at 9250 as gauged by the ice us dollar index dxy  a measure of the world’s reserve currency against a halfdozen others meanwhile benchmark 10year treasury note yields tmubmusd10y are at around 127 a weaker dollar and lower yields can support buying in bullion which doesn’t offer a yield among investors from overseas