Gold prices eased earlier gains on Wednesday after the Federal Reserve signaled that is planed to keep its maintain its massive bond-buying campaign intact.
Spot gold last traded lower at $1,342 an ounce. Earlier it rose as much as 1.1 percent to a session high of $1,358.06 an ounce.
The metal hit a five-week high of $1,361.60 on Monday, before retreating. A break above the 2013 resistance line of $1,359.52 will confirm that another leg upward is being made, Commerzbank technical analysts said.
U.S. gold futures for December delivery settled $3.80 higher at $1,349.30 an ounce.