Amman: Gold prices today scaled a record peak, supported by a weaker dollar ahead of the Federal Reserve's policy meeting this week, where the central bank is widely expected to cut borrowing rates. Gold prices have reached unprecedented levels, reflecting market anticipation and currency fluctuations.

According to Oman News Agency, spot gold rose 0.1% to $3,680.17 per ounce, after hitting a record high of $3,689.27 earlier in the session. Meanwhile, US gold futures for December delivery remained flat at $3,718.80. The market is closely watching the Federal Reserve's decisions, which are expected to influence borrowing rates and subsequently impact gold pricing.

Elsewhere, spot silver held steady at $42.71 per ounce. Platinum experienced a slight decrease, easing 0.1% to $1,399.40, while palladium saw an increase, gaining 0.4% to reach $1,188.59. These movements in precious metals are also being monitored in the context of the upcoming Federal Reserve meeting, with investors evaluating potential impacts on the broader market.