And at 00:35 GMT, spot gold was up 0.8% at $2,055.54 an ounce, and US gold futures were up 1.3% at $2,063.20 an ounce. ounce.
Earlier in the session, gold prices hit $2072.19 an ounce, near its all-time high of $2072.49 an ounce, reached in 2020.
The Fed raised the interest rate by 25 basis points, in line with market expectations, but the monetary policy statement deleted a sentence that had appeared in the previous statement stating that “the Committee expects a further policy tightening is appropriate to achieve the 2% inflation target.”
The bank said: “The Open Market Committee will closely monitor the information received and assess the implications for monetary policy, taking into account the cumulative policy tightening.”
The dollar index fell 0.2%, making gold denominated in US currency cheaper for holders of other currencies.
In other precious metals, silver was up 0.5% at $25.72 an ounce in spot trade, platinum was up 0.7% at $1056.29 an ounce and palladium rose 0.8% to $1433.75 an ounce.
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