Summary: Gold prices reached a record high of US$3,689.27 per ounce, driven by a weaker US dollar and expectations of a Federal Reserve rate cut. Lower interest rates reduce the opportunity cost of holding gold, making it more attractive to investors.

Link: https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-scales-new-high-us-dollar-weakens-ahead-fed-meeting