Gold Hovers near Record High ahead of Fed Rate Verdict Singapore, 17 Sep (ONA) —- Gold prices hovered near a record high today, ahead of the anticipated start of the US interest rate reduction cycle, which could see policymakers deliver an outsized cut. Spot gold was steady at $2,581.68 per ounce. Bullion rose to a record high of $2,589.59 yesterday (Monday). US gold futures were also steady at $2,608.60. The dollar was down 0.1%, making gold ...