Gold stabilizes near its highest historical levels »

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Gold prices stabilized, during Wednesday’s trading, near a record high level recorded in the last session, with the safe haven benefiting from concerns associated with a combination of looming inflation risks and ongoing geopolitical tensions.

Gold prices in spot transactions remained little changed at $2,355.29 per ounce, by 0719 GMT, after rising to a record level of $2,365.09 on Tuesday. US gold futures increased 0.5 percent to $2,373.50.

The US CPI report for March is scheduled to be released at 1230 GMT and is expected to show the index rising on an annual basis to 3.4 percent, with core inflation expected to slow to 3.7 percent, according to a Reuters poll.