July 13 (Reuters) - Gold prices hovered near a more than nine-month low on Wednesday, with the dollar continuing to hurt bullion demand, while investors awaited monthly U.S. inflation data for cues on the road ahead for the Federal Reserve's monetary policy. FUNDAMENTALS * Spot gold <XAU=> was little changed at $1,726.27 per ounce at 0106 GMT, after dropping to its lowest level since late-September at $1,722.30 earlier. U.S. gold futures <GCv1> dipped 0.2% to $1,721.80.