Gold prices fell 1 percent on Wednesday, in the metal's weakest session in a month, as the market turned lower after the U.S. Federal Reserve left the door open to a possible interest rate hike in December and the dollar hit a 2-1/2-month high.
The Fed kept interest rates unchanged on Wednesday following its two-day meeting, as was widely expected, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.
The central bank said it was still monitoring economic and financial developments abroad, but did not repeat that global risks would have a likely impact on the U.S. economy, as it warned at its last meeting in September.
Spot gold was down 0.9 percent at $1,155.86, after falling to $1,152, its lowest since Oct. 13. Prices rose more than 1 percent earlier in the session when the dollar had weakened against a basket of major currencies.
U.S. gold futures for December delivery settled up 0.9 percent at $1,176.10 an ounce prior to the Fed's policy statement.