COMEX gold edges mildly lower near record high levels on Friday morning in Asia but is set for an over 1% gain this week. Currently the counter is quoting at $3038.90 an ounce, down 0.16% on the day tracking mild uptick in dollar overseas. The yellow metal has been supported by weakness in the dollar index that fell to around 5-month lows but is seen attempting recovery as greenback digests Fed decision. The Federal Reserve left interest rates unchanged, reaffirming projections for two rate cuts in 2025. Fed Chair Jerome Powell downplayed the inflationary impact of tariffs, calling it a temporary effect, but acknowledged the difficulty in assessing its broader implications. Nevertheless, geopolitical uncertainty remains elevated which is keeping the safe haven metal supported.