COMEX gold and silver futures fell on Thursday morning in Asia tracking dollar surge as surging oil prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts. The yellow metal is currently quoting at $5155.40 an ounce, down almost half a percent on the day. Silver is also down under $85 mark. February US Consumer Price Index (CPI) released on Wednesday showed inflation rising 0.3% month-over-month and 2.4% year-over-year, largely in line with market expectations. Core CPI, which excludes food and energy, increased 0.2% MoM and 2.5% on year. US Personal Consumption Expenditures (PCE) will be eyed on Friday.